Statistics, Data Analysis and Probability for Grade 11, Problem ID: 3247

Statistics, Data Analysis and Probability K11Jane and Gerry visit a casino.

In one game, they have a 1/5 probability of winning $100 and 1/2 probability of losing $50.
They have also a chance of no win / no loss.

What is the most likely amount of money they will win (or lose) at the end of 100 games?

Gambling is bad!


$400 loss$400 win$500 loss$500 win