Math  /  Data & Statistics

Question16/25
Name a situation in real life that you could use expected value on. placing bets sports carnival games all of the above
Got stuck? Use 50-50 to cut down on options. No, thanks Use power-up Kirsten J

Studdy Solution
The simplified fraction is 16/2516/25 or 0.640.64.
A real-life example of expected value is calculating the average win/loss in a carnival game, like the ring toss. "All of the above" is the correct answer to the multiple choice question since placing bets, sports outcomes, and carnival games all involve probability and value.

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