The probability that Mary will win a game is 0.03, so the probability that she will not win is 0.97. If Mary wins, she will be given $180; if she loses, she must pay $17. If X = amount of money Mary wins (or loses), what is the expected value of X? (Round your answer to the nearest cent.)
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Home » Business » The probability that Mary will win a game is 0.03, so the probability that she will not win is 0.97. If Mary wins, she will be given $180; if she loses, she must pay $17.