SOLUTION: Find the expected value.
In a large casino, the house wins on one of its games with a probability of 51,000%. All bets are 1 : 1 . If you win, you gain the amount you bet; if yo
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In a large casino, the house wins on one of its games with a probability of 51,000%. All bets are 1 : 1 . If you win, you gain the amount you bet; if yo
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Question 1169402: Find the expected value.
In a large casino, the house wins on one of its games with a probability of 51,000%. All bets are 1 : 1 . If you win, you gain the amount you bet; if you lose, you lose the amount you bet.
If patrons bet a total of $900,000 on this game in one evening, how much should the casino expect to earn? Answer by Solver92311(821) (Show Source):
