Expected value-carnival game


1. Describe what is meant by the terms 'false positive" and "false negative"

2. A carnival game costs $2  to play. The player first flips the coin, then rolls the pair of dice, to win the player must get the head outcome followed by a"7" outcome on dice. If the game is fair, what must the $ prize be when the player wins.

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Basic Statistics: Expected value-carnival game
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