SOLUTION: The odds that Mario wins a certain game with a prize of P 10,000 are 5 to 7.
What is his mathematical expectation?
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Question 1200453: The odds that Mario wins a certain game with a prize of P 10,000 are 5 to 7.
What is his mathematical expectation?
Answer by greenestamps(13198) (Show Source): You can put this solution on YOUR website!
Formally, the mathematical expectation is
Informally, his expectation is simply (5/12) of 10000.
Same answer either way, of course.
You can do the simple calculation and express the result however you want.
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