Question

Im not the best at these type of problems please help ;/

Answer 1

we have that

The expected value (Ev) is equal to

EV=(1)*0.32+(2)*0.38+(3)*0.01+(4)*0.25+(5)*0.04

EV=0.32+0.76+0.03+1.00+0.20

EV=2.31

therefore

The answer is 2.31