provide an appropriate response in a game you have a 136 pr

provide an appropriate response . in a game, you have a 1/36 probability of winning $94 and a 35/36 probability of losing $8

PRobability of winning = 1/36

Probabiliity of losing = 35/36

Winning amount = 94

Losing amount = -8 (since it\'s an outflow)

Thus, expected value = weighted average using probabilities as the weights

E(X) = (1/36)* 94 + (35/36)*(-8)

= - 5.166667

~ -5.17

Option B is correct

Hope this helps.