subject
Mathematics, 21.05.2020 03:05 autumnlyons69

You're a contestant on a TV game show. In the final round of the game, if contestants answer a question correctly, they will increase their current winnings of $1 million to $3 million. If they are wrong, their prize is decreased to $750,000. You believe you have a 10% chance of answering the question correctly. Ignoring your current winnings, your expected payoff from playing the final round of the game show is $ . Given that this is , you play the final round of the game. (Hint: Enter a negative sign if the expected payoff is negative.) The lowest probability of a correct guess that would make the guessing in the final round profitable (in expected value) is . (Hint: At what probability does playing the final round yield an expected value of zero?)

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 15:10
5x + 2 = 12 solve the following equation. then place the correct number in the box provided.
Answers: 2
question
Mathematics, 21.06.2019 17:30
The graph below represents the number of dolphins in a dolphin sanctuary. select all the key features of this function.
Answers: 2
question
Mathematics, 21.06.2019 20:30
Your friend uses c=50p to find the total cost, c, for the people, p, entering a local amusement park what is the unit rate and what does it represent in the context of the situation?
Answers: 2
question
Mathematics, 21.06.2019 23:00
Acompany made a profit of 75000 over a period of 6 years on an initial investment of 15000 what is the annual roi
Answers: 1
You know the right answer?
You're a contestant on a TV game show. In the final round of the game, if contestants answer a quest...
Questions
question
Mathematics, 30.05.2020 03:59
Questions on the website: 13722361