Mathematics, 12.01.2020 16:31, decoreyjpaipxv

Two teams, a and b, are about to play a game. previous records show that a has an 80% chance of winning, while b has a 20% of winning. spectators can either choose to buy regular tickets or special tickets. a spectator with a special ticket will receive a refund of $2 if team a wins and a refund of $5 if team b wins. how much extra, minimally, should the special ticket cost to cover the expected value of the refunds offered?
$16.00
$2.60
$26.00
$3.00
$10

Answers: 3

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Two teams, a and b, are about to play a game. previous records show that a has an 80% chance of winn...