1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
GuDViN [60]
3 years ago
7

Suppose that, in an experimental setting, 100 students are asked to choose between Gamble A and Gamble B, where: Gamble A: The s

tudent will receive $5,100 with a 70 percent probability and $200 with a 30 percent probability. Gamble B: The student will receive $5,100 with a 50 percent probability, $200 with a 25 percent probability, and $0 (nothing) with a 25 percent probability. What is the expected value (EV) of Gamble B
Mathematics
1 answer:
Stolb23 [73]3 years ago
4 0
<h3>Answer: $2600</h3>

Focus on Gamble B only. Multiply each winnings with their corresponding probabilities.

5100*0.50 = 2550

200*0.25 = 50

0*0.25 = 0

Add up those results: 2550+50+0 = 2600

The expected value of gamble B is $2600

You might be interested in
How much does Juana have in liquid assets if her car is worth $5,500 and she has
JulsSmile [24]

Answer:

1993

Step-by-step explanation:

Something is liquid if you can easily convert it into cash

So something like a car is not liquid (because it takes time to sell the car)

but something like a checking account is liquid (because it's easy to widthdraw your money)

so we have

1310+683= 1993

5 0
3 years ago
I cant seem to understand this. Please, someone help :)
mixer [17]

Answer:

76

Step-by-step explanation:

8 0
3 years ago
What are 3 numbers between 0.33 and 0.34
ddd [48]
0.330000000001, 0.330000000002, 0.339999999999
4 0
3 years ago
Read 2 more answers
Which statement could describe the graph below?
oee [108]

Answer:

b

Step-by-step explanation:

The plant started to wither 35 days after it was planted.

7 0
3 years ago
Read 2 more answers
A group of campers is going to occupy 6 campsites at a campground. There are 16 campsites from which to choose. In how many ways
Pachacha [2.7K]

Answer:

The campsites can be chosen in 5,765,760 different ways.

Step-by-step explanation:

Given that a group of campers is going to occupy 6 campsites at a campground, and there are 16 campsites from which to choose, to determine in how many ways the campsites can be chosen, the following calculation must be performed:

16 x 15 x 14 x 13 x 12 x 11 = X

240 x 182 x 132 = X

240 x 24,024 = X

5,765,760 = X

Therefore, the campsites can be chosen in 5,765,760 different ways.

8 0
3 years ago
Other questions:
  • Given that y = 6 − 5x, which ordered pairs would graph the function that has the domain values shown on the table?
    9·1 answer
  • 13=w-14/2 what does w equal
    12·1 answer
  • HELP PLEASE
    13·2 answers
  • Help me pleasee i need to pass this pleazz
    15·1 answer
  • Write an equation to represent the following:
    13·2 answers
  • in the afternoon the temperature was 52 f. A strong arctic cold front caused the temperature to drop to 38 degrees in 4 3/4 hour
    5·1 answer
  • When an object accelerates, it changes its
    7·1 answer
  • Which expression is quivalent to this one ?
    7·2 answers
  • PLS HELP ME ON THIS QUESTION I WILL MARK YOU AS BRAINLIEST IF YOU KNOW THE ANSWER PLS GIVE ME A STEP BY STEP EXPLANATION!!
    15·1 answer
  • Circle the correct option: A, B, C, or D.
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!