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A bag contains 1 gold marbles, 6 silver marbles, and 29 black marbles. Someone offers to play this game: You randomly select one marble from the bag. If it is gold, you win $4. 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 Teeny
by
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2 Answers

1 vote

Answer:

7$ it is

Explanation:

User Gluz
by
7.2k points
2 votes

Answer:

the expected value is -$1

User Pahnin
by
5.8k points