I have a Probability Distribution question, i've already attempted to solve it by getting the expected value of Winnings however I get -4.17 and the mark scheme for the question is confusing. if anyone can help that would be appreciated thank you.
#Stats - Discrete Probability Distribution
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the problem is poorly worded. It says that you pay 20 points to play the game, and you get those points back + some points only if you obtain an even score
for instance, if you play and obtain 1, then you lost 20 points
if you play and obtain 2, then you lost 20 points, that you get back, plus 2k points, so -20 + 20 + 2k = 2k points
Oh alr ty
@main osprey has given 1 rep to @astral loom
+close