Suppose you want to play a carnival game that costs 4 dollars each time you play. If you win, you get $100. The probability of winning is 1⁄100. What is the expected value of the amount the carnival stands to gain?

The answer is: -3

Step-by-step explanation:

The expected value is given by adding the values of posible gain mutiplied by the probability of getting that gain so you lose the $4 you pay to play the game with probability 1-1/100=99/100 and you gain 100-4=96 dollars if you win with probability 1/100, so

describing distributions is one of the key skills you’ll need to earn a high score on the ap statistics exam. if you need proof of this, just flip through some past exam questions, which can be found at the collegeboard website. you’ll notice that the first free response question is almost always a question requiring you to look at a graph and describe it.

step-by-step explanation: just trying to get points sorry : (