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Mathematics, 08.07.2019 23:40 hePandaKing3750
You're a contestant on a tv game show. in the final round of the game, if contestants answer a question correctly, they will increase their current winnings of $3 million to $5 million. if they are wrong, their prize is decreased to $2,250,000. you believe you have a 25% chance of answering the question correctly. ignoring your current winnings, your expected payoff from playing the final round of the game show is $ . given that this is , you play the final round of the game. (hint: enter a negative sign if the expected payoff is negative.) the lowest probability of a correct guess that would make the guessing in the final round profitable (in expected value) is . (hint: at what probability does playing the final round yield an expected value of zero? )
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You're a contestant on a tv game show. in the final round of the game, if contestants answer a quest...
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