CBSE BOARD XII, asked by akhtartauseeftauseef, 3 months ago

at a game of chance the expected value is found to be-$1.50 and the cost to play the game is$4.00 determine the fair price to play the game​

Answers

Answered by PRANAY14396
1

Answer:

In general, to find the expected value for a game or other scenario, find the sum of all possible outcomes, each multiplied by the probability of its occurrence.

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