document.write( "Question 1075664: In a casino game a player wins $500 with probability 0.01, wins $100 with probability 0.03, and loses $9 with probability 0.96. What is the expected value of the game from the players perspective? In close minus sign if the answer is negative. \n" ); document.write( "

Algebra.Com's Answer #690334 by jorel1380(3719) $\"\"$ $\"About$

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500(.01)+100(.03)-9(.96)=-0.64, or an expected loss of $0.64 as the value of the game from the players' perspective. ☺☺☺☺ \n" ); document.write( "

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