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Mathematics, 24.08.2021 21:30 breannaasmith1122

Dida bought a scratch ticket for $2.00. The potential payoffs and probability of those payoffs are shown below. Value Probability
$0.00 0.15
$0.50 0.50
$1.00 0.20
$2.00 0.10
$10.00 0.05

What is the expected value for the scratch ticket that Dida bought?

$1.50

$1.15

$0.50

$2.00

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Answers: 2

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