Mathematics, 11.03.2021 17:00 enm01
Ivy is in Las Vegas and bet on her favorite team, the Denver Dragons, to beat the Seattle Sea Turtles. If the Denver Dragons win, she will win 10 dollars. If the Seattle Sea Turtles win, she will lose 11 dollars (the extra dollar is commission). Ivy estimates that there is a 50% chance of the Denver Dragons winning (there cannot be a tie). Find the expected return of placing this bet.
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Ivy is in Las Vegas and bet on her favorite team, the Denver Dragons, to beat the Seattle Sea Turtle...
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