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OpenStudy (anonymous):
A game involves tossing a biased coin that has a 60% probability of landing on heads. If a player wins $50 when heads appears, what is the expected value of a player's winnings? $8 $20 $30 $50 $70
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OpenStudy (amistre64):
any ideas?
OpenStudy (anonymous):
well, I multiplied .60 times 50 and I got $30, am I correct?
OpenStudy (amistre64):
thats what I would have done with the information given :)
OpenStudy (anonymous):
thank you :)
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