What is the overall expected outcome for this game?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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For a game of chance, there is a 20% chance of winning $60, a 20% chance of winning $100, a 30% of losing $100, and a 30% chance of breaking even. What is the overall expected outcome for this game? ***Your dollar amount should just be a number without a sign, the part where you pick gain, loss, or break even indicates the sign of the answer. Example: -50 is a loss of $50
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