85.7A game has an expected value to you of $1900. It costs $1900 to play, but if you win, you receive$100,000 (including your $1900 bet) for a net gain of $98,100. What is the probability of winning?Would you play this game? Discuss the factors that would influence your decision.The probability of winning is(Type an integer or a decimal.)Would you play this game? Discuss the factors that would influence your decision.Since the probability of winning the game is (1).play the game.it (2)worth it to(1) O very high,O 50-50,does not seemseemsvery low,

Name: 85.7A game has an expected value to you of $1900. It costs $1900 to p
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Description: 85.7A game has an expected value to you of $1900. It costs $1900 to play, but if you win, you receive$100,000 (including your $1900 bet) for a net gain of $98,100. What is the probability of winning?Would you play this game? Discuss the factors that

Math

Probability

game has an expected value to you of $1900. It costs $1900 to play, but if you win, you receive 100,000 (including your $1900 bet) for a net gain of $98,100. What is the probability of winning? Vould you play this game? Discuss the factors that would influence your decision. he probability of winning is Type an integer or a decimal.) Vould you play this game? Discuss the factors that would influence your decision. ince the probability of winning the game is (1). lay the game. it (2) worth it to 1) O very high, O 50-50, O very low, (2) does not seem O seems

game has an expected value to you of $1900. It costs $1900 to play, but if you win, you receive 100,000 (including your $1900 bet) for a net gain of $98,100. What is the probability of winning? Vould you play this game? Discuss the factors that would influence your decision. he probability of winning is Type an integer or a decimal.) Vould you play this game? Discuss the factors that would influence your decision. ince the probability of winning the game is (1). lay the game. it (2) worth it to 1) O very high, O 50-50, O very low, (2) does not seem O seems

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Please answer both. Thank you!