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You can play one game for free. Which game has a higher expected value: a. a 0% chance of winning $1,000 b. a 10% chance of winning $50 c. a 100% chance of winning $1 d. a 25% chance of winning $100
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4 votes
You can play one game for free. Which game has a higher expected value:

a. a 0% chance of winning $1,000
b. a 10% chance of winning $50
c. a 100% chance of winning $1
d. a 25% chance of winning $100

User Charly Rl
by
5.5k points

1 Answer

4 votes
Option d

a. 0 * 100 = $0
b. 0.1 * 50 = $5
c. 1.00 * 1 = $2
d. 0.25 * 100 = $25
User Pranta
by
5.3k points
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