Question 145210
Expected Value:


{{{100(1/500) + 50*(2/500)+0*(497/500)=(200)/500=2/5=0.4}}} 



So he expects to earn $0.40 


However, since they paid $2, this means that 


0.40-2.00=-1.60



So they really expect to lost $1.60



So the correct answer is C)