Mathematics, 29.11.2020 21:10 Solany6527

In a game there is a 1 in 4 chance of winning the game and a 3 in 4 chance of losing. The game costs $2 to play. If
the game is won the winner receives $5. If the game is lost
the player receives nothing. If you play the game 10 times,
what is the expected gain or loss?

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In a game there is a 1 in 4 chance of winning the game and a 3 in 4 chance of losing. The game costs $2 to play. If the game is won the winner receives $5. If the game is lost the player receives nothing. If you play the game 10 times, what is the expected gain or loss?

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Another question on Mathematics

In a game there is a 1 in 4 chance of winning the game and a 3 in 4 chance of losing. The game costs $2 to play. If
the game is won the winner receives $5. If the game is lost
the player receives nothing. If you play the game 10 times,
what is the expected gain or loss?