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In a particular​ game, the probability of winning $95 is 1/36 and the probability of losing $7 is 35/36. What is the expected value after playing this​ game? Round to the nearest cent.

1 Answer

7 votes

Answer:

1.53

Explanation:

1

36

(

85

)

+

(

35

36

)

(

4

)

=

E

V

85

36

140

36

=

E

V

55

36

=

E

V

E

V

$

1.53

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