Question: Is this correct Agame has an expected value to you of $1800. It costs $1800 to play, but if you win, you receive $100,000 (including
Is this correct
Agame has an expected value to you of $1800. It costs $1800 to play, but if you win, you receive $100,000 (including your $1800 bet) for a net gain of $98,200. What is the probability of winning? Would you play this game? Discuss the factors that would influence your decision. The probability of winning is |0.036 (Type an integer or a decimal ) Would you play this game? Discuss the factors that would influence your decision. Since the probability of winning the game is {seems | worth it to play the gameStep by Step Solution
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