Question

Don will win $2 if he chooses Bag 1, $50 if he chooses Bag 2, and $100 if he chooses Bag 3. What is the expected value of the amount he will win?

A. $25.33
B. $30.67
C. $45.33
D. $50.67

Answer 1

Hey there! :) How are you? The answer to your question will be D. 50.67. I got that answer because ($2*1/3)+(50*1/3)+(100*1/3)= 50.57. Hoped I helped you! Have a great day! :D