Question

es for a game of chance F2J For a cost of $6, you can have a carnival worker draw a random number from 1 to 20. If the number is even, you win $11. If the number is odd, you win nothing. If you play the game, what is the expected profit?

Answer 1

Explanation:

The expected profit can be calculated as:

$E(x)=x_1p(x_1)+x_2p(x_2)$

Where x1 and x2 are the possible profits and p(x1) and p(x2) are their respective probability.

So, you have two possibilities:

1. Get an even number. In this case, the profit can be calculated as:

$11 - $6 = $5