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You make a bet on a horse race. There's a 10% chance of making $300 and a 5% chance of making $500. There's an 85% chance of losing $75. What's the expected value of this bet?
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Jun 9, 2022
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You make a bet on a horse race. There's a 10% chance of making $300 and a 5% chance of making $500. There's an 85% chance of losing $75. What's the expected value of this bet?
Mathematics
high-school
Genfood
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425 or 225 i think im not really sure
CarlosE
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Jun 14, 2022
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CarlosE
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