A game has an expected value to you of -$0.50. It costs $2 to play, but if

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A game has an expected value to you of -$0.50. It costs $2 to play, but if you win, you receive $20 (including your $2 bet) for a net gain of $18. What is the probability of winning? Would you play this game? Discuss the factors that would influence your decision.
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College Mathematics for Business Economics Life Sciences and Social Sciences

ISBN: 978-0321614001

12th edition

Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen

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