SOLUTION: In a casino gamea player wins $500 with probability 0.01,wins $100 with probability 0.04, andloses $10 with probability 0.95. What is the expected value of thegamefrom the player’s

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Question 1100713: In a casino gamea player wins $500 with probability 0.01,wins $100 with probability 0.04, andloses $10 with probability 0.95. What is the expected value of thegamefrom the player’s perspective?(Include the minus sign if the answeris negative.)
Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
E=500%280.01%29%2B100%280.04%29-10%280.95%29
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Work that out for the answer.