The probability that Mo will like a particular movie is 90% and has a value of $40.Not liking the movie has a value of -$10.The expected value of going to that movie is

Name: The probability that Mo will like a particular movie is 90% and has a value of $40.Not liking the movie has a value of -$10.The expected value of going to that movie is
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The expected value is calculated by multiplying each outcome by its probability and summing the results: (0.9 * $40) + (0.1 * -$10) = $36 - $1 = $35.

The Probability That Mo Will Like a Particular Movie Is