asked 198k views
0 votes
He player gets to keep the ​$10 paid to play the game and the player is awarded an additional ​$350. ​otherwise, the player is awarded nothing and the casino takes the​ player's ​$10. what is the expected value of the game to the​ player? if you played the game 1000​ times, how much would you expect to​ lose? note that the expected value is the​ amount, on​ average, one would expect to gain or

asked
User Adl
by
8.3k points

1 Answer

3 votes
winning 1 game = $350
losing 1 game = -$10
won 1000 times =$35,000
lost 1000 times = - $10,000
answered
User Kellermat
by
7.7k points
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