Answered: Find the expected payback for a game in…

Find the expected payback for a game in which you bet $8 on any number from 0 to 99. If your number comes up, you get $500. The expected payback is ___.

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter9: Counting And Probability

Section9.4: Expected Value

Problem 19E: Lottery In a 6/49 lottery game, a player pays $1 and selects six numbers from 1 to 49. Any player...

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Find the expected payback for a game in which you bet $8 on any number from 0 to 99. If your number comes up, you get $500.

The expected payback is ___.

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Find the expected payback for a game in which you bet ​$8 on any number from 0 to 99. If your number comes​ up, you get ​$500. The expected payback is ___.

Find the expected payback for a game in which you bet $8 on any number from 0 to 99. If your number comes up, you get $500. The expected payback is ___.