10+ 30 =40
100-40=60
a) -500
b) 4000
c) 3550
d) -50
Answer: d) -50
100-40=60
A bettor places a 500$ bet on the steelers to win the super bowl. the bettor will lose the 500$ if the steelers do not win the super bowl, but he will earn a profit of $4000 if the steelers do win the super bowl. suppose the steelers have a 10 percent chance to win the super bowl. based on this, what is the bettors expected profit
a) -500
b) 4000
c) 3550
d) -50
Answer: d) -50
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.