math
posted by maelee .
Gamblers are playing a game of chance in which they have a 1/40 chance of winning $90. What is the expected payout of this game?
x 0 90
p(x)
x.p(x)

P(x)=1/40
xP(x)=90/40
Respond to this Question
Similar Questions

Math
what is the expected value of a fair game? 
math
If your expected value when playing a $1 game of chance is $0.06. How much should you have netted after playing the game 130 times? 
math
If your expected value when playing a $1 game of chance is $0.03. How much should you have netted after playing the game 160 times? 
maths
In the finals of a rugby tournament, two teams play a best of 5 series. Each team has a probability of 1/2 of winning the first game. For each subsequent game, the team that won the previous game has a 7/10 chance of winning, while … 
Statistics
A gambling game pays 4 to 1 and the chance of winning is 1 in 6. Suppose you bet $1 on this game 600 times independently. 3A  Find the expected number of times you win. 3B  Find the SE of the number of times you win. 3C  Find the … 
Statistics
A gambling game pays 4 to 1 and the chance of winning is 1 in 6. Suppose you bet $1 on this game 600 times independently. 3A Find the expected number of times you win. 3B Find the SE of the number of times you win. 3C Find the chance … 
statistics
A gambling game pays 4 to 1 and the chance of winning is 1 in 6. Suppose you bet $1 on this game 600 times independently.Find the expected number of times you win? 
statistics
Playing game of chance and pay 300 by rolling a fair die one time if you rome a 2 and receive $1300 if you roll a 4 or six you receive $900 if you ore a 3 5 or 9 receive nothing. find expected value for this game. based on value is … 
Math (Advanced probability)
In a local lottery, there is a 15% chance of winning $1, a 5% chance of winning $5, a 1 in 100 chance of winning $50 and a 1 in 10 000 chance of winning $500. What is the expected value of your winnings in this lottery? 
Math
In a local lottery, there is a 15% chance of winning $1, a 5% chance of winning $5, a 1 in 100 chance of winning $50 and a 1 in 10 000 chance of winning $500. What is the expected value of your winnings in this lottery?