Two teams, A and B. are about to play a game. Previous records show that A has an 80% chance of winning, while B has a 20% of wi

Question

3 years ago

14

Two teams, A and B. are about to play a game. Previous records show that A has an 80% chance of winning, while B has a 20% of wi

nning.
Spectators can either choose to buy regular tickets or special tickets. A spectator with a special ticket will receive a refund of $2 if team A wins
and a refund of $5 if team B wins. How much extra, minimally, should the special ticket cost to cover the expected value of the refunds offered?
A. $16.00
B. $2.60
C. $26.00
D. $3.00
E. $10

Mathematics

2 answers:

hodyreva [135] · Answer 1 · 2022-02-24T21:51:30+03:00

hodyreva [135]3 years ago

8 0

Answer:

E

Step-by-step explanation:

STALIN [3.7K] · Answer 2 · 2022-02-25T00:17:21+03:00

STALIN [3.7K]3 years ago

6 0

The answer is E. $10