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11-05-2022
Mathematics

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In a game, you have a 1/48 probability of winning $143 and a 47/48 probability of losing $10.
What is your expected winning?

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11-05-2022

Answer:

Losing $10

Step-by-step explanation:

As the expected probability of losing $10 (47/48 = 97.9%) is much greater than the probability of winning $143 (1/48 = 2.1%), the expected winning is losing $10

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