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dedderick

  • 3 years ago

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?

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  1. sauravshakya
    • 3 years ago
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    Expected payoff =1/4 *500 +1/4 *200 -1/2 *375 = $-12.5 = losing$12.5

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