Wednesday, 30 October 2019

In a game of chance, the probability of winning a $50 is 40 per cent and the probability of

In a game of chance, the probability of winning a $50 is 40 per cent and the probability of losing a $50 prize is 60 per cent. What is the expected value of a prize in the game?
$25
$0
-$10
$10

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