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give 3 or 2 examples of expected value​

Sagot :

Answer:

  • Expected value is the probability multiplied by the value of each outcome. For example, a 50% chance of winning $100 is worth $50 to you (if you don't mind the risk). We can use this framework to work out if you should play the lottery.

Answer:

a 50% chance of winning $100 is worth $50 to you, reference class,Pascal’s wager

I hope it help!