A game costs $12.00 to play. In the game, there is a bag that contains 12 balls; 6 are red, 2 are green, and 4 are yellow. The player of the game draws one ball at random from the bag, and the player wins $9.00 if they draw a red ball, nothing if they draw a green ball, and $17.00 if they draw a yellow ball. What is the expected value of this game for the player? Round your answer to the nearest cent.

A game costs $12.00 to play. In the game, there is a bag that contains 12 balls; 6 are red, 2 are green, and 4 are yellow. The player of the game draws one ball at random from the bag, and the player wins $9.00 if they draw a red ball, nothing if they draw a green ball, and $17.00 if they draw a yellow ball. What is the expected value of this game for the player? Round your answer to the nearest cent.

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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