menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Statistics
  3. Study Set
    Essentials of Statistics Study Set 1
  4. Exam
    Exam 5: Discrete Probability Distributions
  5. Question
    In a Game, You Have a 1/20 Probability of Winning
Solved

In a Game, You Have a 1/20 Probability of Winning

Question 141

Question 141

Multiple Choice

In a game, you have a 1/20 probability of winning $76 and a 19/20 probability of losing $9. What is your expected value?


A) $12.35
B) -$8.55
C) $3.80
D) -$4.75

Correct Answer:

verifed

Verified

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

Related Questions

Q70: The number of phone calls between New

Q136: The probability of winning a certain

Q138: Find the mean of the given

Q139: Assume that a procedure yields a

Q140: In a certain town, 40% of

Q142: Focus groups of 11 people are randomly

Q143: Determine whether the following is a

Q144: Find the indicated probability. Round to three

Q145: A company manufactures batteries in batches of

Q146: Use the given values of n

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines