Suppose a basketball player has made 390 out of 434 free throws. if the player makes the next 2 free throws, i will pay you $40.otherwise you pay me $169

step 1 of 2: find the expected value of the proposition. round your answer to two decimal places. losses must be expressed as negative values.

step 2 of 2: if you played this game 588 times how much would you expect to win or lose? round your answer to two decimal places. losses must be entered as negative.

a) -$0.19, b) -$111.72 .

Step-by-step explanation:

Since we have given that

Number of free throws = 434

Number of throws made by them = 390

Amount for making the next 2 free throws = $40

Amount otherwise he has to pay = $169

a) Find the expected value of the proposition.

Expected value of success in next 2 free throws =

Expected value would be

b)  If you played this game 588 times how much would you expect to win or lose?

Number of times they played the game = 588

So, Expected value would be

Hence, a) -$0.19, b) -$111.72

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