For 1 play, the chance of gaining $8 is 4/38, while the chance of losing the $1 is 34/38. Therefore, the expected value is ($8)(4/38) + ($-1)(34/38) = $(-1/19). Over 50 plays, which are mutually independent of each other, we multiply the number of plays by the expected value to get $(-50/19) = $-2.63.
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Answer:
I will tell you.
Step-by-step explanation:
a.-13
b.13
c.-25
d.25
e.20
f.-6
g.-22
h.-72
