Homework Help: geometry

Posted by angela on Tuesday, June 5, 2012 at 8:12am.

Expected value If on a $1 bet, Paul Goldstein's expected value is 0.30, what is Paul's expected value on a $5
bet. I got 1.50 but my teacher said it wasn't correct.

geometry - Reiny, Tuesday, June 5, 2012 at 8:32am
expected value on $1 is .30
expected value on $5 is 5(.30) = $1.50

You are correct!

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