Solved

Find the Expected Value

Question 167

Multiple Choice

Find the expected value.
-Numbers is a game where you bet $1.00 on any three-digit number from 000 to 999. If your number comes up, you get $600.00. If your number doesn't come up, you lose your $1. Find the
Expected net winnings.


A) -$0.42
B) -$0.50
C) -$1.00
D) -$0.40

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents