Mathematics, 02.12.2021 06:20 ehensl06
Consider the following game. Every time you play, it'll cost you $5.00. You have a 1 in 20
chance to win $30.00, a 1 in 5 chance to win $10.00, and a 15 in 20 chance to receive nothing.. What is expected value.?
Formula give is Probability(of winning) x $ (gain) - probability (of losing) x $loss
Answers: 1
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Consider the following game. Every time you play, it'll cost you $5.00. You have a 1 in 20
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