Ask a New Question
Menu

Expected value If on a $1 bet, Paul Goldstein's expected value is 0.30, what is Paul's expected value on a $5

bet. I got 1.50 but my teacher said it wasn't correct.

1 answer

expected value on $1 is .30
expected value on $5 is 5(.30) = $1.50

You are correct!
Similar Questions
    1. answers icon 1 answer
  2. Why was the Christian community in Jerusalem suspicious of Paul?Paul was a Jew.Paul was a new Jesus follower. Paul had
    1. answers icon 1 answer
  3. Why was the Christian community in Jerusalem suspicious of Paul?Paul carried a sword and arrived with troops. Paul was Jewish.
    1. answers icon 1 answer
    1. answers icon 1 answer
more similar questions