A bag contains 1 gold marbles, 6 silver marbles, and 29 black marbles. Someone offers to play this game: You randomly select one

Question

2 years ago

14

A bag contains 1 gold marbles, 6 silver marbles, and 29 black marbles. Someone offers to play this game: You randomly select one

marble from the bag. If it is gold, you win $4. If it is silver, you win $2. If it is black, you lose $1. What is your expected value if you play this game?

Mathematics

2 answers:

pentagon [3] · Answer 1 · 2022-10-11T13:20:32+03:00

pentagon [3]2 years ago

7 0

Answer:

the expected value is -$1

algol [13] · Answer 2 · 2022-10-11T15:23:15+03:00

algol [13]2 years ago

4 0

Answer:

7$ it is

Step-by-step explanation: