Mathematics, 28.02.2020 22:45, whortonraijan

Suppose you want to play a carnival game that costs 4 dollars each time you play. If you win, you get $100. The probability of winning is 1⁄100. What is the expected value of the amount the carnival stands to gain?

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Suppose you want to play a carnival game that costs 4 dollars each time you play. If you win, you ge...