What is the probability of winning


Problem

A game has an expected value to you of $200. It costs $200 to play, but if you win, you receive $100,000 (including your $200 bet) for a net gain of $99 comma 800.

What is the probability of winning? Would you play this game? Discuss the factors that would influence your decision.

The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.

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