Answer: a) -$0.19, b) -$111.72 .
Step-by-step explanation:
Since we have given that
Number of free throws = 434
Number of throws made by them = 390
Amount for making the next 2 free throws = $40
Amount otherwise he has to pay = $169
a) Find the expected value of the proposition.
Expected value of success in next 2 free throws =
Expected value would be
b) If you played this game 588 times how much would you expect to win or lose?
Number of times they played the game = 588
So, Expected value would be
Hence, a) -$0.19, b) -$111.72