Mathematics, 11.11.2020 17:10, nayellisoto15

Annie is participating in a winner-take-all World Series of Poker tournament that costs 101010 thousand dollars to enter. The prize for winning the tournament is 500500500 thousand dollars. Annie estimates that there is a 0.5 \%0.5%0, point, 5, percent chance that she will win the tournament. Find the expected value of entering the tournament for Annie.

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Annie is participating in a winner-take-all World Series of Poker tournament that costs 101010 thous...