suppose you want to play a carnival game that costs 8 dollars each time you play. if you win, you get $100. the probability of winning is 3⁄100. what is the expected value of the amount the carnival stands to gain?

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05-10-2022
Mathematics

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suppose you want to play a carnival game that costs 8 dollars each time you play. if you win, you get $100. the probability of winning is 3⁄100. what is the expected value of the amount the carnival stands to gain?

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