Mathematics, 23.07.2019 08:10 dnjames01

Aboardwalk game of chance costs 2 dollars to play. you have a 20% chance of winning 1 dollar, a 25% chance of winning back your entire 2 dollars, and a 35% chance to win 5 dollars. what is the expected value of playing the game if you lose your bet 20% of the time?

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Aboardwalk game of chance costs 2 dollars to play. you have a 20% chance of winning 1 dollar, a 25%...

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