Question
The probability that Mary will win a game is0.02, so the probability that she will not win is0.98. If Mary wins, she will be given$180;
The probability that Mary will win a game is0.02, so the probability that she will not win is0.98. If Mary wins, she will be given$180; if she loses, she must pay$17. IfX= amount of money Mary wins (or loses), what is the expected value ofX? (Round your answer to the nearest cent.)
$
It not $16.03 and $20.30
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Financial Algebra advanced algebra with financial applications
Authors: Robert K. Gerver
1st edition
978-1285444857, 128544485X, 978-0357229101, 035722910X, 978-0538449670
