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Expected winning or loss in game

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Reference no: EM131786266

"Imagine you are in a game show. There are 20 prizes hidden on a game board with 100 spaces. One prize is worth $50, nine are worth $20, an another ten are worth $10. You have to pay $5 tothe host if your choice is not correct. Let the random variable x be the money you get or lose. Complete the probability distribution.

 

X : $5, $10, $20, $50. P(x) is?

 

What is your expected winning or loss in this game?

 

Reference no: EM131786266

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