easy · Quantitative Finance quant-logic
A game pays 12 with 25% probability and loses 2 with 75% probability. After that random payoff, a $0.50 entry fee is charged.
What is the expected net payoff per play?
- −$0.50
- $0.50
- $1.00
- $1.50
easy · Quantitative Finance quant-logic
A game pays 12 with 25% probability and loses 2 with 75% probability. After that random payoff, a $0.50 entry fee is charged.
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