Question

A bag contains 3 gold marbles, 9 silver marbles, and 25 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?

Answer 1

The Expected Value is minus $1.

Explanation:

There are more black marbles then any other gold or silver marbles.

Answer 2

I lose 1

Explanation:

because the probability of getting a black marble is likely