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20 August, 02:56

Suppose a basketball player has made 184 out of 329 free throws. If the player make the next two free throws, I will pay you $24. Otherwise you pay me $12. Find the expected value of the proposition

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  1. 20 August, 04:36
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    Given that the player made 184 out of 329 throws, the probability of making the next throw will be:

    P (x) = [Number of shots made]/[Total number of throws]

    =184/329

    =0.559

    Thus the expected value of proposition will be:

    0.599*24+0.559*12

    =20.134
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