Quiz-1 10th Que???

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Meghanad Shingte

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Mar 11, 2012, 3:16:50 PM3/11/12
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Has anyone solved this question?

You have only $80. You can choose to drive to Detroit to go to a concert or you can stay at home. The cost of driving will be $30. When you get to the concert, there's a 40% chance you'll be able to get a ticket for $50. There's a 60% chance that tickets will be more than $50. If it's worth $130 to you to go to the concert, what's your expected value of driving to Detroit and trying to buy a ticket?

I am not getting this Que correctly... my ans ends up with 130 ???
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