The probability that Mary will win a game is 0.01, so the probability that she will not win is 0.99. If Mary wins, she will be given $200; if she loses, she must pay $18. If X = amount of money Mary wins (or loses), what is the expected value of X? (Round your answer to the nearest cent.)

Question

Laney Miller

Business

10 October, 20:41

The probability that Mary will win a game is 0.01, so the probability that she will not win is 0.99. If Mary wins, she will be given $200; if she loses, she must pay $18. 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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Answers (1)

Know the Answer?

Mia Hickman · Answer 1

11.11 dollars

Explanation:

you divide the winning price by the losing cost and you get the expected amount that x should be IM_NOT_SURE_ABOUT_THE_ANSWER