Ask Question
28 March, 21:57

A game has 3 possible outcomes, with probabilities p1, p2, and p3. The amount of money that you will win or lose for each outcome is v1, v2, and v3, respectively. What is the expression p1v1 + p2v2 + p3v3 equal to?

+1
Answers (1)
  1. 28 March, 23:31
    0
    We have the following given

    p1 - probability for outcome 1

    p2 - probability for outcome 2

    p3 - probability for outcome 3

    v1 - amount of money that you will win or lose for outcome 1

    v2 - amount of money that you will win or lose for outcome 2

    v3 - amount of money that you will win or lose for outcome 3

    Therefore,

    p1v1 + p2v2 + p3v3 is the average money you win or lose in playing the game.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A game has 3 possible outcomes, with probabilities p1, p2, and p3. The amount of money that you will win or lose for each outcome is v1, ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers