posted by .

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?

  • math -

    160 * .03 = 4.80

  • math -

    by the way, are you sure it is not -.03?
    It is pretty rare that a game is set up so the customer wins/

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. math

    there are 12 men on a basketball team, and in a game 5 of them play at any one time. if the game is 1 hr long and if each man plays exactly the same amount of time how many minutes does each man play?
  2. Math

    what is the expected value of a fair game?
  3. math

    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?
  4. Math

    Maria is playing a game of chance at the Hibiscus festival, costing $1 for each game. In the game two fair dice are rolled and the sum of the numbers that turn up is found. If the sum is seven, then Maria wins $5. Otherwise Maria loses …
  5. 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?
  6. Math 142

    800 hundred chances are sold at $2 apiece for a raffle. There is a grand prize of $650 dollars, two second prizes of $250, and five third prizes of $50. First calculate the expected value of the lottery. Determine if the lottery is …
  7. Statistics

    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 …
  8. 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 …
  9. arithmetic sequences

    jessie is playing an arcade game that costs 50cents for the first game and 25cents to continue if she loses. how much will she spend on the game if she continues 9 times?
  10. Probability theory

    suppose a student is offered a chance to draw a card from ordinary deck of 52 playing cards and win $10 if he or she draws an ace, $ 2 for a King, and $1 for a queen. If $2 must be paid to play the game, what is the expected winnings …

More Similar Questions