In a Game of Chance, the Probability of Winning $50

question 85

Multiple Choice

In a game of chance, the probability of winning $50 is 40 percent and the probability of having to pay $50 is 60 percent. What is the expected value of this game?

• A) $10
• B) $0
• C) $10.
• D) $25

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Definitions:

Migrant Communities

Groups of people who have relocated from one geographical area to another, often forming distinct communities in their new locations.

Assimilation

The process by which a person or a group's language and/or culture come to resemble those of another group, often occurring in multicultural societies.

Cultural Differences

The varying beliefs, behaviors, languages, practices, and expressions considered unique to members of a specific ethnicity, society, or nation.

Mutual Respect

Acknowledgment and consideration of the feelings, rights, traditions, or opinions of others, fostering positive and harmonious interactions within a society.