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Find the expected value of the winningsfrom a game that has the followingpayout probability distribution:Payout ($)024810Probability 0.35 0.2 0.1 0.2 0.15Expected Value = [?]Rou…

Find the expected value of the winningsfrom a game that has the followingpayout probability distribution:Payout ($)024810Probability 0.35 0.2 0.1 0.2 0.15Expected Value = [?]Rou…
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Find the expected value of the winningsfrom a game that has the followingpayout probability distribution:Payout ($)024810Probability 0.35 0.2 0.1 0.2 0.15Expected Value = [?]Round to the nearest hundredth.

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User Krys Jurgowski
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9.2k points

1 Answer

5 votes

ANSWER

3.9

Step-by-step explanation

The expected value is the sum of each value multiplied by its probability. Let X be the payout:


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User Jason Barker
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8.0k points
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