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Nezavi [6.7K]
3 years ago
10

Find the expected value of the winnings

Mathematics
1 answer:
adelina 88 [10]3 years ago
3 0

Multiply each payout by the corresponding probability and take the total:

E[X] = 0×0.5 + 5×0.2 + 8×0.15 + 10×0.1 + 15×0.05 = 3.95

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