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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…

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…
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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?

User Genfood
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8.5k points

1 Answer

3 votes
425 or 225 i think im not really sure
User CarlosE
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9.0k points
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