Probability-determining expected value

Assignment Help Basic Statistics

Reference no: EM1311444

1. What is the expected number of right answers Jason will get?

A) 4

B) 3

C) 2

D) 1

E) Can't tell from the information given.

2. You play a game with two possible outcomes. Outcome A has probability 0.4 and outcome B has probability 0.6. When B occurs you win $2.00; otherwise, you lose $1.00. What is your expected value for this game?

A) $2.00

B) -$0.10

C) $0.20

D) -$0.80

E) $0.80

Reference no: EM1311444

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