katrice7652 katrice7652

07-03-2024
Mathematics

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At Canterbury Park, your horse, As-Fast-As-Light, has probabilities of:
1/20 of coming in first place
1/10 of coming in second place
1/4 of coming in third place
First place pays $4900 to the winner. What is the expected value of winning?
a) $245
b) $122.50
c) $612.50
d) $2450

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