If mary wins she will be given 100 if she loses she must


The probability that Mary will win a game is .01, so the probability that she will not win is .99.

If Mary wins, she will be given $100; if she loses, she must pay $5. If X = amount of money Mary wins (or loses), what is the expected value of X?

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Basic Statistics: If mary wins she will be given 100 if she loses she must
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