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A bag contains 3 gold marbles, 6 silver marbles, and 22 black marbles. Someone offers to play this game: You randomly select one marble from the bag. If it is gold, you win $3. If it is silver, you win $2. If it is black, you lose $1. What is your expected value if you play this game

User Ijrandom
by
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1 Answer

3 votes

Answer:

$-1

Explanation:

because you have more black marbles your chances of getting a black marble are highest

User Tanel Tammik
by
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