) In a game, you have a 1/36 probability of winning $94 and a 35/36 probability of losing ss. What is your expected value?

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 1E: If a game gives payoffs of $10 and $100 with probabilities 0.9 and 0.1, respectively, then the...
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10) In a game, you have a
1/36 probability of winning c94
35/36 probability of losing
$8.
and a
What is your expected value?
10)
Transcribed Image Text:10) In a game, you have a 1/36 probability of winning c94 35/36 probability of losing $8. and a What is your expected value? 10)
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