In a board game, players take turns spinning a wheel with four spaces and values...
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In a board game, players take turns spinning a wheel with four spaces and values of $100, $300, $400, $800. The probability of landing on $100 is 4/9. The probability of landing on $300 is 2/9. The probability of landing on $400 is 2/9. The probability of landing on $800 is 1/9. What is the expected value of spinning the wheel once?
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