Mathematics, 24.04.2020 19:26 nataliaalejandradasi

A game of chance is played with a deck of 100 cards, numbered from 1 to 100. If 1 to 50 is drawn, the player wins $0. If 51 to 80 is drawn, the player wins $7. If 81 to 100 is drawn, the player wins $9. If each play of the game cost $5, what is the expected payoff?

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A game of chance is played with a deck of 100 cards, numbered from 1 to 100. If 1 to 50 is drawn, th...