A game has 3 possible outcomes, with probabilities p1, p2, and p3. The amount of money that you will win or lose for each outcome is v1, v2, and v3, respectively. What is the expression p1v1 + p2v2 + p3v3 equal to?

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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A game has 3 possible outcomes, with probabilities p1p2, and p3. The amount of money that you will win or lose for each outcome is v1v2, and v3, respectively. What is the expression p1v1 + p2v2 + p3v3 equal to?

 

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