justinb2701 justinb2701

13-07-2018
Mathematics

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Target b which yields a $3 prize 48% of the time. Find the expected value of target B

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livefranoor5w13 livefranoor5w13

13-07-2018

E.V. = P(A) x V (A) + P(B) x V(B)

.12 x $7 + .48 x $3 = 2.28

Yes, on average you'll earn $.28 per game.

Hope this helps!!

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