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sheaangel

You are playing a game where you have 1 - 4 a chance of winning $500, 1 - 4 chance of winning $200 and 1 - 2 chance of losing $375. What is your expected payoff?

  • one year ago
  • one year ago

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  1. PaxPolaris
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    \[\Large \frac14 \cdot 500 +\frac 14 \cdot 200 \ -\frac 12 \cdot 375\]

    • one year ago
  2. sheaangel
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    A) -$12.50 B) $108.33 C) $325 D) $362.50 Hint

    • one year ago
  3. PaxPolaris
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    do the math...

    • one year ago
  4. sheaangel
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    It's -$12.50

    • one year ago
  5. PaxPolaris
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    \[\Huge \checkmark\]

    • one year ago
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spraguer (Moderator)
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