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3 years ago

I got zero, but that’s wrong.

Mathematics

1 answer:

meriva3 years ago

3 0

Answer:

Expected value is 4,000

Step-by-step explanation:

To find expected value ⇒ multiply the value by it's probability

40% × ( -25,000 ) = - 10,000

Breaking means neither add nor subtract a given amount

20% × 0 = 0

35% × 40,000 = 14,000

∴ Expected value = -10,000 + 14,000 = 4,000

LOSS: -10,000

BREAK EVEN: 0

WIN: 14,000

Expected value is 4,000

<em>hope this helps....</em>

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