Question 10Suppose you want to play a carnival game that costs 5 dollars each time you play. If you win, you get $100. The probability of winning is100. What is the expected value of the amount the carnival stands to gain?a) O1.90b) O 3.00c) O 2.10d) O 2.00e) O -2.00f) O None of the aboveReview Later

Answered: Image /qna-images/answer/66b6e1db-819b-4749-b13e-636f5ef94f8d.jpg

Question 10 Suppose you want to play a carnival game that costs 5 dollars each time you play. If you win, you get $100. The probability of winning is %00. What is the expected value of the amount the carnival stands to gain? a) O 1.90 b) O 3.00 с) О 2.10 d) O 2.00 e) O -2.00 f) O None of the above Review Later

Question 10 Suppose you want to play a carnival game that costs 5 dollars each time you play. If you win, you get $100. The probability of winning is %00. What is the expected value of the amount the carnival stands to gain? a) O 1.90 b) O 3.00 с) О 2.10 d) O 2.00 e) O -2.00 f) O None of the above Review Later

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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