Answer:
________________ WIN _____ LOSE
Outcome(x) ______ $47.50 ____ - $2.50
PROBABILITY P(x) _____ __________
Explanation:
Given that :
The cost of play = $2.50
The winning price = $50
Hence, if a player emerges victorious or wins; the net amount won is :
Winning price - cost of play
$50 - $2.50 = $47.50
If the player loses :
Then he wins $0
Net amount lost equals :
Amount won - cost of play
$0 - $2.50 = - $2.50
________________ WIN _____ LOSE
Outcome(x) ______ $47.50 ____ - $2.50
PROBABILITY P(x)