It is 23.917 because 51.92-28.003= to that number
The answer is False as they add up to 20 only
hope it helped ;)
17+7 =25
1/5 = 0.20
3/4= 0.75
25 + 0.20 + 0.75
=25 + 0.95
= 25.95
I hope this helped a bit!:)
Answer:
The expected value is $2.1
Step-by-step explanation:
If we have an event with some given outcomes:
x₁, x₂, ..., xₙ
Such that each one of these outcomes has the correspondent probability:
p₁, p₂, ..., pₙ
The expected value is:
EV = p₁*x₁ + ... + pₙ*xₙ
In this case we have a table with the events (the payouts) and the probability for each one, so we have:
x₁ = $0
p₁ = 0.5
x₂ = $2
p₂ = 0.2
x₃ = $4
p₃ = 0.15
x₄ = $6
p₄ = 0.1
x₅ = $10
p₅ = 0.05
Now we can just replace these in the expected value equation, so we get:
EV = $0*0.5 + $2*0.2 + $4*0.15 + $6*0.1 + $10*0.05 = $2.1