Scholarship A is worth 1000 and costs 10 to apply Scholarship B is worth 4000 and costs 25 to apply You have a 4 chance of

Question

Scholarship A is worth 1000 and costs 10 to apply Scholarship B is worth 4000 and costs 25 to apply You have a 4 chance of receiving Scholarship A and the Scholarship B a What is your expected value for Scholarship A b What is your expected value for Scholarship B c You can only apply for one scholarship Which one should you choose O Scholarship A O Scholarship B

Kunduz · Accepted Answer

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