Suppose you decide to open a casino offering only one game. You win a dollar 55% of the time, and your customer wins a dollar 45% of the time. How much profit would you expect to have if 7500 games are played?
A)$500
B)$750
C)$1000
D)$1250

Question

Quizplus · Accepted Answer

Since you win 55% of the time and your customer wins 45% of the time, your expected profit per game would be:
0.55($1) - 0.45($1) = $0.10
Multiplying this by the number of games played, 7500, would give you an expected profit of:
$0.10(7500) = $750. 
Therefore, the best choice is B.

Suppose You Decide to Open a Casino Offering Only One