Question

PLEASE HELP ME!!!!

Answer 1

Answer:

3.00

Step-by-step explanation:

Given that :

Payout(X) : ___ 0 ___ 4 ___ 6 ____ 8 _____ 10

Probability (p(x) 0.5 _ 0.2 __0.15 __0.1 ___ 0.05

Expected value :E(X) = ΣX* p(x)

E(X) = (0*0.5) + (4*0.2) + (6*0.15) + (8*0.1) + (10*0.05)

E(X) = 3

Expected value = 3.00