Question

Suppose a basketball player has made 222 out of 428 free throws. If the player makes the next 2 free throws, I will pay you $12. Otherwise you pay me $6. Step 2 of 2 : If you played this game 543 times how much would you expect to win or lose? Round your answer to two decimal places. Losses must be expressed as negative values.

Answer 1

-629.88

Explanation:

Total winnings/losses for 543 plays=Expected payoff ⋅ Number of plays=−$1.16⋅543=−$629.88

Answer 2

Here ya go! Hope this helps!! :D