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

galina1969 [7]

3 years ago

9

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:

7nadin3 [17] · Answer 1 · 2022-09-21T08:27:22+03:00

7nadin3 [17]3 years ago

8 0

The correct answer would be C

Artist 52 [7] · Answer 2 · 2022-09-21T09:42:47+03:00

Artist 52 [7]3 years ago

7 0

99% sure it is E. $10