You are offered to play the following game. You roll a fair die once and observe the

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You are offered to play the following game. You roll a fair die once and observe the result which is shown by the random variable X. At this point, you can stop the game and win X dollars. You can also choose to roll the die for the second time to observe the value Y. In this case, you will win Y dollars. Let W be the value that you win in this game. What strategy do you use to maximize EW? What is the maximum EW you can achieve using your strategy?

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