Question 11 Suppose you want to play a carnival game that costs 8 dollars each time you play. If you win, you get $100. The probability of winning is 3100. What is the expected value of the amount that you, the player, stand to gain? a) O 5.00 b) O-5.10 c) O-5.00 d) O-3.00 e) O-5.30 f) O None of the above Review Later

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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Question 11
Suppose you want to play a carnival game that costs 8 dollars each time you play. If you win, you get $100. The probability of winning is
3%00- What is the expected value of the amount that you, the player, stand to gain?
a)
O 5.00
b) O-5.10
c) O-5.00
d) O-3.00
e) O-5.30
f) O None of the above
Review Later
Transcribed Image Text:Question 11 Suppose you want to play a carnival game that costs 8 dollars each time you play. If you win, you get $100. The probability of winning is 3%00- What is the expected value of the amount that you, the player, stand to gain? a) O 5.00 b) O-5.10 c) O-5.00 d) O-3.00 e) O-5.30 f) O None of the above Review Later
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