38. A bag contains 5 white balls and 13 black balls. You pay $2 to pick 2 balls at random from the bag. You win $10 if you do not pick a white ball. What is the expected value of your winnings in this game? A) 300 51 B) 122 305 D) 53 51 E) None of the above.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
39. A bag contains 2 white balls and 8 black balls. You pay $1 to pick 2 balls at random from the
bag. You win $5 if you do not pick a white ball. What is the variance of your winnings in this
game?
A) (4-2)² (56)+(-1-)²()
2
B) (5-) ()+(0-2) ² (3)
C) (5-2)² (56)+(-1-25) ² (3)
D) 0
E) None of the above.
Transcribed Image Text:39. A bag contains 2 white balls and 8 black balls. You pay $1 to pick 2 balls at random from the bag. You win $5 if you do not pick a white ball. What is the variance of your winnings in this game? A) (4-2)² (56)+(-1-)²() 2 B) (5-) ()+(0-2) ² (3) C) (5-2)² (56)+(-1-25) ² (3) D) 0 E) None of the above.
38. A bag contains 5 white balls and 13 black balls. You pay $2 to pick 2 balls at random from the
bag. You win $10 if you do not pick a white ball. What is the expected value of your winnings in
this game?
A)
B)
306
51
122
305
D)
158
51
53
51
E) None of the above.
Transcribed Image Text:38. A bag contains 5 white balls and 13 black balls. You pay $2 to pick 2 balls at random from the bag. You win $10 if you do not pick a white ball. What is the expected value of your winnings in this game? A) B) 306 51 122 305 D) 158 51 53 51 E) None of the above.
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman