Find the expected value of the winnings

2 answers:

Ber [7]2 years ago

7 0

Multiple each probability by the corresponding payout and add them all together.

3 0

Answer:

The answer is 3.95

Step-by-step explanation:

0×.5 + 5×.2 + 8×.15 + 10×.1 + 15×.05 = ?

0 + 1 + 1.2 + 1 + .75 = 3.95

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