Provide an appropriate response.
-In a game, you have a $1 / 36$ probability of winning $85 and a 35/36 probability of losing $4. What is your expected value?
A) $2.36
B) -$3.89
C) $6.25
D) -$1.53

Question

Quizplus · Accepted Answer

The expected value is calculated by multiplying each outcome by its probability and summing the results: $ (1/36) \times 85 + (35/36) \times (-4) = 2.36 - 3.89 = -1.53 $.

Provide an Appropriate Response 1/361 / 361/36 Probability of Winning $85 and a 35/36 Probability of Losing

Provide an Appropriate Response $1 / 36$ Probability of Winning $85 and a 35/36 Probability of Losing