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Mathematics 14 Online
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

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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