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In a game, you have a 1/48 probability of winning $143 and a 47/48 probability of losing $10. What is your expected winning?
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Oct 21, 2023
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In a game, you have a 1/48 probability of winning $143 and a 47/48 probability of losing $10.
What is your expected winning?
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Shreeram K
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Answer:
Losing $10
Explanation:
As the expected probability of losing $10 (47/48 = 97.9%) is much greater than the probability of winning $143 (1/48 = 2.1%), the expected winning is
losing $10
Ernazm
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Oct 24, 2023
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