Mathematics
Mathematics, 07.06.2020 00:00, MadisonElle

A person must pay $ $ 8 to play a certain game at the casino. Each player has a probability of 0.21 of winning $ $ 14, for a net gain of $ $ 6 (the net gain is the amount won 14 minus the cost of playing 8). Each player has a probability of 0.79 of losing the game, for a net loss of $ $ 8 (the net loss is simply the cost of playing since nothing else is lost). What is the Expected Value for the player (that is, the mean of the probabiltiy distribution)? If the Expected Value is negative, be sure to include the "-" sign with the answer. Express the answer with two decimal places.

answer
Answers: 2

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 15:00, kallie862
15 points ! ~ see if you know the answer to both you!
Answers: 1
image
Mathematics, 21.06.2019 17:00, scastillo8
Mary beth used the mapping rule to find the coordinates of a point that had been rotated 90° counterclockwise around the origin. examine the steps to determine whether she made an error. m (3, –6) is rotated 90° counterclockwise. (x, y) → (–y, x) 1. switch the x- and y-coordinates: (6, –3) 2. multiply the new x-coordinate by –1: (6(–1), –3) 3. simplify: (–6, –3) .
Answers: 1
image
Mathematics, 21.06.2019 22:30, chrisdelreal86
Ron has 8 caps and 4 of his caps are blue. thes rest of his cap are red. how many of ron's caps are red
Answers: 1
image
Mathematics, 22.06.2019 02:20, FaygoMango
If wxyz is a square, which statements must be true?
Answers: 1
Do you know the correct answer?
A person must pay $ $ 8 to play a certain game at the casino. Each player has a probability of 0.21...

Questions in other subjects:

Konu
Social Studies, 03.12.2020 20:30