SAT, 30.11.2021 02:40 koryhudson8124

Annie is participating in a winner-take-all world series of poker tournament that costs 10 thousand rands to enter. The prize for winning the tournament is 500 thousand rands. Annie estimates that there is a 1 % chance that she will win the tournament. Find the expected value of entering the tournament for annie.

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Annie is participating in a winner-take-all world series of poker tournament that costs 10 thousand...