Page 1 of 1
1. You play a game in which 30% of the time you will WIN $5 and 70% of the time you will LOSE $3. What is the expected v
Posted: Sun Oct 03, 2021 3:02 pm
by answerhappygod
- 1 You Play A Game In Which 30 Of The Time You Will Win 5 And 70 Of The Time You Will Lose 3 What Is The Expected V 1 (23.94 KiB) Viewed 64 times
1. You play a game in which 30% of the time you will WIN $5 and 70% of the time you will LOSE $3. What is the expected value for this game? Please show your work. 2. You play a game in which 40% of the time you win $3 and 40% of the time you lose $5 and 20% of the time you win $1. Please show your work.