Raymond B. answered 07/17/22
Math, microeconomics or criminal justice
(2/39)3 +(8/39)2 +(29/39)(-1)=-7/39th of a dollar = about negative 18 cents
it's a losing bet or game
John D.
asked 07/17/22A bag contains 2 gold marbles, 8 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 $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?
Raymond B. answered 07/17/22
Math, microeconomics or criminal justice
(2/39)3 +(8/39)2 +(29/39)(-1)=-7/39th of a dollar = about negative 18 cents
it's a losing bet or game
Get a free answer to a quick problem.
Most questions answered within 4 hours.
Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.