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I DON'T KNOW THIS ONE! SOMEONE PLEASE HELP!!!!!!!!!!

I DON'T KNOW THIS ONE! SOMEONE PLEASE HELP!!!!!!!!!!-example-1

1 Answer

2 votes

Answer:

$3.10.

Explanation:

You get the expected value by multiplying the payout by the probability, then adding them all up.

So...

(0 * 0.45) + (4 * 0.3) + (6 * 0.1) + (8 * 0.1) + (10 * 0.05) = 0 + 1.2 + 0.6 + 0.8 + 0.5 = 1.8 + 1.3 = 3.1

So, the expected value of the winnings from a game with the payout probability distribution is $3.10.

Hope this helps!

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