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A game has an expected value to you of ​$1700. It costs ​$1700 to​ play, but...

A game has an expected value to you of ​$1700. It costs ​$1700 to​ play, but if you​ win, you receive​ $100,000 (including your ​$1700 ​bet) for a net gain of ​$98,300. What is the probability of​ winning?

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Answer #1

x 100000 0
P(x) p 1-p

probability of​ winning 0.034

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