November 27, 2015

Homework Help: Statistics

Posted by Bill on Tuesday, March 26, 2013 at 8:03pm.

In a certain game of chance a person pays $5 to play a game. A person randomly selects 2 integers ranging from 0-99. The host of the game then uses a random number generator to select 2 integers ranging from 0-99. If the players values and hosts values agree (in any order), the person playing the game receives $500. Based upon this information, calculate players expected amount of net winnings.

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