SOLUTION: In a game, you have a 1/20 probability of winning $115 and a 19/20 probability of losing $5. What is your expected value?

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Question 881705: In a game, you have a 1/20 probability of winning $115 and a 19/20 probability of losing $5. What is your expected value?
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
E(in dollars) = (1/20)115 - (19/20)5