SOLUTION: For a fair game, what should be the charge to play if there is a .002 probability to win $1,000, .008 probability to win $100, and .99 probability of not winning anything?
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Question 300253: For a fair game, what should be the charge to play if there is a .002 probability to win $1,000, .008 probability to win $100, and .99 probability of not winning anything?
I am very pressed for time I have to hand in my assignment today at 2pm can someone please help me out? i really appreciate it.
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
Maybe you should have studied or started this assignment earlier then.
Parting of learning is learning to schedule your work and sort out what is important.
Either this is important to you or it is not.
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