Select the correct answer.
Two teams, A and B, are about to play a game. Previous records show that A has an 80% chance of winning, while B has a 20% of winning.
Spectators can either choose to buy regular tickets or special tickets. A spectator with a special ticket will receive a refund of $2 if team A wins
and a refund of $5 if team B wins. How much extra, minimally, should the special ticket cost to cover the expected value of the refunds offered?
A$16.00
B.$2.60
C.$26.00
○ D. 3.00
E.$10
Two teams, A and B, are about to play a game. Previous records show that A has an 80% chance of winning, while B has a 20% of winning.
Spectators can either choose to buy regular tickets or special tickets. A spectator with a special ticket will receive a refund of $2 if team A wins
and a refund of $5 if team B wins. How much extra, minimally, should the special ticket cost to cover the expected value of the refunds offered?
A$16.00
C.$26.00
○ D. 3.00
E.$10