sheaangel
You are playing a game where you have
1

4
a chance of winning $500,
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4
chance of winning $200 and
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2
chance of losing $375. What is your expected payoff?
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PaxPolaris
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\[\Large \frac14 \cdot 500 +\frac 14 \cdot 200 \ \frac 12 \cdot 375\]
sheaangel
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A)
$12.50
B)
$108.33
C)
$325
D)
$362.50
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PaxPolaris
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do the math...
sheaangel
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It's $12.50
PaxPolaris
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\[\Huge \checkmark\]