document.write( "Question 1110287: Suppose you are invited to play a game in which you bet $1 on any number from 000 to 899
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document.write( "If your number comes up, you get $675
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document.write( "Find the expected winnings. \n" );
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Algebra.Com's Answer #725288 by Boreal(15235)![]() ![]() You can put this solution on YOUR website! There are 900 choices and a 1/900 chance of getting the right number. \n" ); document.write( "E(X)=674(1/900)-1(899/900). It is 674, because a dollar has already been spent. \n" ); document.write( "0.7489-0.9989=-$0.25 \n" ); document.write( " |