A game has an expected value to you of -$0.50. It costs $2 to play, but if you win, you receive $20 (including your $2 bet) for a net gain of $18. What is the probability of winning? Would you play this game? Discuss the factors that would influence your decision.

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
Problem 11PTTS
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 A game has an expected value to you of -$0.50. It costs $2 to play, but if you win, you receive $20 (including your $2 bet) for a net gain of $18. What is the probability of winning? Would you play this game? Discuss the factors that would influence your decision.  

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