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August 28, 2014

August 28, 2014

Posted by **PK** on Monday, January 9, 2012 at 9:19pm.

- Math - Expected Value -
**Reiny**, Tuesday, January 10, 2012 at 8:17amprob(red) = 7/10

expected return for red = (7/10)(10000) = 7000

prob(green) = 2/10

expected return for green = (2/10)(20000) = 4000

prob(blue_ = 1/10

expected return for blue = (1/10)(-100000) = - 10000

expected value = 7000+4000-10000 = 1000

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