Suppose a basketball player has made 213 out of 427 free throws. If the player makes...

Suppose a basketball player has made 213 out of 427 free throws. If the player makes the next 2 free throws, I will pay you $115. Otherwise you pay me $37. Step 2 of 2 : If you played this game 659 times how much would you expect to win or lose? Round your answer to two decimal places. Losses must be entered as negative.

Solutions

Expert Solution

Expected value of the game

= 0.82

Hence,

Expected win

= 659*0.82

= 540.38

orchestra answered 1 year ago

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