How would you find the expected value?
Jessica Asked: How would you find the expected value?
OKay.
I reaaaallly need some help!
how would i calculate the expected value for this situation?
its 10 dollars to see the physic and figure out if youre having a boy or a girl.
the chance of having a boy is .52 and the chance for having a girl is .48
the psychic wants to know how much profit he'll make.
how do i do this?