Tanya is considering playing a game at the fair. There are three different ones to choose from, and
it costs $2 to play a game.

1. What is the expected value for playing each game?

2. If Tanya decides she will play the game, which game should she choose? Explain

Tanya is considering playing a game at the fair There are three different ones to choose from and it costs 2 to play a game 1 What is the expected value for pla class=

Respuesta :

The expected value for playing each game will be 9.8, 2.05, and 1.00.

What is an expected value?

The expected value for playing each game will be calculated thus:

Game A = (-2 × 0.55) + (1 × 0.20) + (4 × 0.25) = 9.8

Game B = (-2 × 0.15) + (1 × 0.35) + (4 × 0.50) = 2.05

Game C = (-2 × 0.20) + (1 × 0.60) + (4 × 0.20) = 1.00

If Tanya decides to play the game, the game should she choose is C since it's cheaper.

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