Multiple Choice
Consider the following lottery game. For this game, tickets cost $1, and there is a 10% chance of winning $5 (a net gain of $4) . What is a player's expected net gain for each ticket that is bought for this game? (Note that a loss results in a net gain of "-$1") .
A) $5
B) $4
C) $0.50
D) -$0.50
E) -$1
Correct Answer:
Verified
Correct Answer:
Verified
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