Consider the following scenario when answering the following questions:
Ivett and Desiree are considering playing a game called Twenties versus Fifties.In this game,Ivett will place a $20 bill on the table,and Desiree will place a $50 bill on the table.Both players will then toss a fair coin.If both Ivett and Desiree toss heads or if they both toss tails,Ivett wins the $70 on the table.If one woman tosses heads and the other tosses tails,Desiree wins the $70 on the table.
-Which of the following is the formula that Ivett would use to compute the expected value (EV )of the game from her perspective?
A) EV = 0.5 *($20)+ 0.5 * ($50)
B) EV =0.5 * (-$20)+ 0.5 * ($50)
C) EV = 0.5 * ($20)+ 0.5 * (-$50)
D) EV= 0.5 * (-$70)+0.5 * ($50)
E) EV = 0.5 * ($70)+ 0.5 * ($50)

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The Answer of Consider the following scenario when answering the following questions:
Ivett and Desiree are considering playing a game called Twenties versus Fifties.In this game,Ivett will place a $20 bill on the table,and Desiree will place a $50 bill on the table.Both players will then toss a fair coin.If both Ivett and Desiree toss heads or if they both toss tails,Ivett wins the $70 on the table.If one woman tosses heads and the other tosses tails,Desiree wins the $70 on the table.
-Which of the following is the formula that Ivett would use to compute the expected value (EV )of the game from her perspective?
A) EV = 0.5 *($20)+ 0.5 * ($50)
B) EV =0.5 * (-$20)+ 0.5 * ($50)
C) EV = 0.5 * ($20)+ 0.5 * (-$50)
D) EV= 0.5 * (-$70)+0.5 * ($50)
E) EV = 0.5 * ($70)+ 0.5 * ($50)

Consider the Following Scenario When Answering the Following Questions