krmlin
contestada

HELP PLEASE! any help is wanted as long as its not guesses please. 100pts for this too
Bill is playing a game of chance with the following payout. 30% of the time you will lose 20 dollars, 20% of
the time you lose 40 dollars, 10% of the time you win 50 dollars, 40% of the time you win 5 dollars. Find the
expected value of the event and explain if Bill should play this game based on the mathematical expectation.

Respuesta :

ley00

Answer:

He shouldn’t play.

Step-by-step explanation:

The least he can lose is 20 dollars, but there’s a chance of 30% that he will.

The MOST he can win is 50 dollars with a chance of 10%.

The odds are not in his favor. (The chance of losing is equal to the chance of winning, but the amount of money lost is higher than the amount won)

dgraff06

Answer:

Bill for the level of the heavenly souls dont do it Bill

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