correct answer will receive 10 points. I am so lost and have no clue how to even start this problem
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I got this guys, I got this :) (lol)
Ok, so if you WIN, you get $7. but if you LOSE, you don't get anything and lose your $7
The probability of landing on red is 18/38.
Multiply the " amount of money when WIN" and "Probability when WIN" together.
Do the same thing for "LOSE"
WIN: 7*(16/38)
LOSE: -7(18/38)
7(16/38)-7(18/38)
= -0.36842105263
So rounded, I got -.37
ANSWER
-.37
Please pick me :) :D
Ok, so if you WIN, you get $7. but if you LOSE, you don't get anything and lose your $7
The probability of landing on red is 18/38.
Multiply the " amount of money when WIN" and "Probability when WIN" together.
Do the same thing for "LOSE"
WIN: 7*(16/38)
LOSE: -7(18/38)
7(16/38)-7(18/38)
= -0.36842105263
So rounded, I got -.37
ANSWER
-.37
Please pick me :) :D
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yay thanks :)
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