Question
At a carnival you play a ring toss game 30 times. It's a dollar to play and your chances of winning are 15%. What are your expected winnings
Answers
PsyDAG
What do you win?
Reiny
What a sucker you would be to play this game!
the expected winnings on one play is 15 cents.
You are playing this 30 times, so your can expect to win $4.50 , but you spent $30 to play those games.
the expected winnings on one play is 15 cents.
You are playing this 30 times, so your can expect to win $4.50 , but you spent $30 to play those games.