Mathematics, 13.12.2019 02:31, lexylexy8583

In a two-spot keno game, the probability of winning is 0.0601. if you bet a quarter and both of your numbers are picked out of the hopper, you win $3.50. otherwise, you lose $0.25.

a. what is the expected value of this game

b. is this game a good bet? explain

c. if you played this game 1000 times, how much would you expect to win or lose?

Answers: 1

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 16:30, hanjonez

Me because some of question i don’t understand

Answers: 1

continue

Mathematics, 21.06.2019 23:30, laywah4

Petes dog weighed 30 pounds it then lost 16% of it's weight how much did pete lose

Answers: 2

continue

Mathematics, 22.06.2019 01:00, tansebas1107

The table shown below gives the approximate enrollment at the university of michigan every fifty years. how many more students were enrolled at the university of michigan in 1950 than in 1900?

Answers: 3

continue

Mathematics, 22.06.2019 01:30, 24kfjkasklfjl

Use the linear combination method to solve the system of equations. explain each step of your solution. if steps are not explained, you will not receive credit for that step. 2 + 9 = −26 −3 − 7 = 13

Answers: 2

continue

Do you know the correct answer?

In a two-spot keno game, the probability of winning is 0.0601. if you bet a quarter and both of your...