Use Estimation to Find the Expected Value

question 91

Short Answer

Use estimation to find the expected value. Do not calculate.
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The expected value of playing a $1 game of blackjack is $0.04, find the netted value after playing the game 100 times.
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The netted value is $__________.

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Definitions:

Baby

A young human infant, typically considered to be one from birth until learning to walk and speak.

Relationship

A connection, association, or involvement between two or more parties, individuals, or entities.

Erikson's Theory

A psychological theory developed by Erik Erikson that outlines eight stages of psychosocial development from infancy to late adulthood.

Integrity Versus Despair

Eighth stage of Erikson’s theory of psychosocial development, where older adults face the challenge of feeling satisfied that they have lived a good life and developed wisdom.