Answer:the hardest questiom
Step-by-step explanation:
Answer: $10,600
Step-by-step explanation:
Worth raises to $100,000 by winning both races
Worth raises to $50,000 by winning one race
Worth decreases to $10,000 by loosing both
Probabilty of winning both races=
Probabilty of winning one race=
=0.38
Probabilty of loosing both races=
=0.56
Expected profit=
=$10,600
10 + (-5) = 10 - 5 = 5
-11 + 20 = 20 + (-11) = 20 - 11 = 9
102 + (-1) = 102 - 1 = 101
<span>-20 + 60 = 60 + (-20) = 60 - 20 = 40</span>