The expected value of these group of earning is given as expected value is 3.9
<h3>How to solve for expected value</h3>
To get the expected value. you first have to multiply the probabilities by their payout
0 * 0.35 = 0
2 * 0.2 = 0.4
4 * 0.1 = 0.4
8 * 0.2 = 1.6
10 * 0.15 = 1.5
The expected value is a summation of all of these values after the multiplication has been done.
Expected value is = 0 + 0.4 + 0.4 + 1.6 + 1.5
= 3.9
Hence the expected value is 3.9
Read more on expected values here:
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