Mathematics, 31.05.2021 09:30, ninaaforever

Omojobi is entering a winner-take-all World Series of Poker tournament that costs 10
thousand dollars to enter. The prize for winning
the tournament is 200 thousand dollars.
Omojobi estimates that there is a 2% chance
that he will win the tournament.
Omojobi calculates his expected return of
entering the tournament to be – 6 thousand
dollars.

Answers: 2

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Omojobi is entering a winner-take-all World Series of Poker tournament that costs 10
thousand...