Mathematics, 20.06.2020 03:57, NetherisIsTheQueen

Scholarship A is worth $3000 and costs $10 to apply. Scholarship B is worth $4000 and costs $25 to apply. You have a 5% chance of receiving Scholarship A and a 1% chance of receiving Scholarship B. (a) What is your expected value for Scholarship A?

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Scholarship A is worth $3000 and costs $10 to apply. Scholarship B is worth $4000 and costs $25 to a...