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A bag contains 1 gold marbles, 9 silver marbles, and 21 black marbles. Someone offers to play this game: You randomly select one marble from the bag. If it

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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A bag contains 1 gold marbles, 9 silver marbles, and 21 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?

$ ?

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