Suppose You Play a Game Where You Pay $100 Dollars

Multiple Choice

Suppose you play a game where you pay $100 dollars to participate and have a 50% chance of winning nothing, a 10% chance of winning $1,100, a 20% chance of winning $600 and a 25% chance of losing $650.What is the expected value of participating in the game?

A) $100
B) $0
C) -$100
D) $1,050