In a game of chance, the probability of winning a $50 is 40 percent and the probability of losing a $50 prize is 60 percent. What is the expected value of a prize in the game?
A) -$10
B) $0
C) $10
D) $25
Answer: A) -$10
Business
You might also like to view...
Victims of housing discrimination may have all of the following remedies EXCEPT
A. receiving damages for emotional distress. B. recovering out-of-pocket expenses. C. garnishing the landlord's wages. D. filing an injunction prohibiting the unlawful practice
Business
Whether a fund is organized as a closed- or an open-end fund, is will have the same basic organizational structure
Indicate whether the statement is true or false
Business