You are given the chance to play one of two games: One where there is a 20% chance of you winning 8 dollars and an 80% chance of winning 128 dollars. For the second game you have a 20% chance of winning two dollars and an 80% chance of winning 256 dollars. Which lottery is worth more on average, and how much is it worth
You are given the chance to play one of two games: One where there is a 20% chance of you winning 8 dollars and an 80% chance of winning 128 dollars. For the second game you have a 20% chance of winning two dollars and an 80% chance of winning 256 dollars. Which lottery is worth more on average, and how much is it worth
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter6: Systems Of Linear Equations And Inequalities
Section6.4: Elimination Using Multiplication
Problem 36PFA
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You are given the chance to play one of two games: One where there is a 20% chance of you winning 8 dollars and an 80% chance of winning 128 dollars. For the second game you have a 20% chance of winning two dollars and an 80% chance of winning 256 dollars. Which lottery is worth more on average, and how much is it worth
discrete math
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