Mathematics, 14.07.2019 04:30 UratazZ
Agame has an expected value to you of $100. it costs $500 to play, but if you win you receive $100,000 (including your $500 bet), for a net gain of $99 comma 500. what is the probability of winning?
Answers: 1
be a random variable denoting the amount of winnings in any given round of the game. There is some probability 
of winning where 
, while 
, assuming these are the only two possible outcomes. So we have![\mathbb E[X]=\displaystyle\sum_xxP(X=x)=99,500p-500(1-p)=100](/tpl/images/0087/3288/42fcc.png)
Another question on Mathematics
Mathematics, 21.06.2019 17:20
7. if the value of x varies directly with the value of y, and x = 3 when y = 21. what is the valu y, and x = 3 when y = 21. what is the value of x when y = 105?
Answers: 1
You know the right answer?
Agame has an expected value to you of $100. it costs $500 to play, but if you win you receive $100,0...
Questions
Mathematics, 29.07.2019 07:20
History, 29.07.2019 07:20
Mathematics, 29.07.2019 07:20
Physics, 29.07.2019 07:20
History, 29.07.2019 07:20
Social Studies, 29.07.2019 07:20
