Answer: Expected value of playing the game is $0.
Step-by-step explanation:
Since we have given that
Total number of colored chips = 20
Number of blue chips = 2
Number of purple chips = 4
Number of green chips = 7
Number of red chips = 7
Amount of prize he gets for blue chip = $10
Amount of prize he gets for a purple chip = $5
No amount is given for red or green
Amount he had to pay = $2
So, Expected value of playing the game is given by

Hence, Expected value of playing the game is $0.
Answer:
There are a lot of turning point in the history of algebra one of those is the discovery of the plain and the quadrants by Rene Descartes. This discovery paved way to a lot of knowledge which was later on use in solving other complicated mathematical problems.
Step-by-step explanation:
1/8 of all=mystery
mystery=3
'of' means multiply
therefor
1/8 times all=3
multiply both sides by 8/1 to clear fracion
all=24