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Next, list or calculate the probability for each outcome. The problem gives most of them directly, but we need to calculate the probability of winning nothing: Probability of Probability of Probability of Probability of To find the probability of winning nothing (losing ), subtract the sum of the winning probabilities from

Multiply each net payout by its corresponding probability and add the products together. The expected value formula is fifa-22-pc-game-free-download

E(X)=(95×0.01)+(15×0.05)+(5×0.10)+(0×0.20)+(-5×0.64)cap E open paren cap X close paren equals open paren 95 cross 0.01 close paren plus open paren 15 cross 0.05 close paren plus open paren 5 cross 0.10 close paren plus open paren 0 cross 0.20 close paren plus open paren negative 5 cross 0.64 close paren Next, list or calculate the probability for each outcome

First, find the net profit or loss for every possible ticket outcome by subtracting the initial cost of the ticket from the prize amounts: Winning nothing: 2. Determine all outcome probabilities Determine all outcome probabilities