Answer:
Expected Value = -$0.41
Step-by-step explanation:
Expected Value = [$6,200*(1/17000) + $940*(3/17000) + $98*(8/17000) + $25*(10/17000)] - 1
Expected Value = [0.59]-1
Expected Value = -$0.41
It helps you narrow down to a smaller answer for example there is pi, (3.14159265359) and there is more and more to that number. It is now estimated to 3.14 because it would be almost impossible to work with pi if it wasn't estimated
Answer:
2
Step-by-step explanation:
