Find the Expected Value

question 199

Multiple Choice

Find the expected value.
-In a game, you have a 1/43 probability of winning $82 and a 42/43 probability of losing $6. What is your expected winning?

• A)$7.77
• B)$1.91
• C)-$3.95
• D)-$5.86

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Definitions:

Speed

The rate at which an object covers distance or an operation is performed.

Value

The numerical quantity or magnitude associated with an entity or assigned to a variable.

N7:2

A specific data register or address within a PLC's memory area used for storing or retrieving values, part of the integer file in certain PLC models.