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

question 57

Multiple Choice

In a game of chance, the probability of winning a $50 prize is 40 per cent, and the probability of winning a $100 prize is 60 per cent. What is the expected value of a prize in the game?

• A) $50
• B) $75
• C) $80
• D) $100

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Definitions:

Segregation

The physical and legal separation of groups by race or ethnicity.

Public Facilities

Shared resources such as parks, libraries, transportation systems, and utilities that are available for use by the general population.

Southern States

The states located in the southeastern region of the United States, historically characterized by unique cultural, economic, and historical attributes.

American Civil War

A pivotal conflict from 1861 to 1865 in the United States, fought between the Northern states (Union) and the Southern secessionist states (Confederacy), primarily over issues of slavery and states' rights.