Question

Suppose a basketball player has made 223 out of 406 free throws. If the player makes the next 2 free throws, I will pay you $20 . Otherwise you pay me $8 . Step 2 of 2: If you played this game 755 times how much would you expect to win or lose? Round your answer to two decimal places. Losses must be expressed as negative values.

Answer 1

$5571.38

Explanation:

since probability is 54.9%,

i would expect to win $8293.84 and lose 2722.46 which gives me $5571.38