Mathematics, 03.04.2020 22:16 thasen31
In New York State Numbers Lottery, you pay $1 and can bet that the sum of the numbers that come up is 13. The probability of winning is 0.075, and if you win, you win $6.50, which is a profit of $5.50. If you lose, you lose $1. x P(x) $5.50 0.075 -$1 0.925 What is the expected value of your profit? Round your answer to 2 decimal places
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In New York State Numbers Lottery, you pay $1 and can bet that the sum of the numbers that come up i...
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