Mathematics, 24.08.2021 21:30 breannaasmith1122
Dida bought a scratch ticket for $2.00. The potential payoffs and probability of those payoffs are shown below.
Value Probability
$0.00 0.15
$0.50 0.50
$1.00 0.20
$2.00 0.10
$10.00 0.05
What is the expected value for the scratch ticket that Dida bought?
$1.50
$1.15
$0.50
$2.00
Answers: 2
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