Question: In a game you may win $200 with the probability of about 33% and you may lose $100 with the probability about 66% what is
In a game you may win $200 with the probability of about 33% and you may lose $100 with the probability about 66% what is the expected value and variance?
Expected value
A.-$150
B.$0
C.$150
D. we need more info to compute the expected value
Variance
A. 20,000
B. -20,000
C. 10,000
D.-10,000
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