A game has 49 green balls and 1 red ball in a bag, and you will randomly select one ball from the bag. If the selected ball is green, you lose $1. And, if the ball is red, you win $100. What is the expected value of the game?

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
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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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Worksheet 4.3
Name:
1. A game has 49 green balls and 1 red ball in a bag, and you will randomly select one ball from the bag. If
the selected ball is green, you lose $1. And, if the ball is red, you win $100. What is the expected value of
the game?
2. A game has 28 white balls and 12 red balls in a bag, and you will randomly select one ball from the bag. If
the selected ball is white, you lose $5. And, if the ball is red, you win $10. What is the expected value of
the game?
3. There are 15 black balls, 14 red balls, and 11 white balls in a jar, and you get to randomly pick one ball
without looking. If you draw a black ball, you win $500. If you pick a red one, you lose $10. If you pick a
white one, you lose $100. What is the expected value of picking a ball?
APR
PAGES
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Transcribed Image Text:+ II CO 1 / 2 - 100% 日| + Worksheet 4.3 Name: 1. A game has 49 green balls and 1 red ball in a bag, and you will randomly select one ball from the bag. If the selected ball is green, you lose $1. And, if the ball is red, you win $100. What is the expected value of the game? 2. A game has 28 white balls and 12 red balls in a bag, and you will randomly select one ball from the bag. If the selected ball is white, you lose $5. And, if the ball is red, you win $10. What is the expected value of the game? 3. There are 15 black balls, 14 red balls, and 11 white balls in a jar, and you get to randomly pick one ball without looking. If you draw a black ball, you win $500. If you pick a red one, you lose $10. If you pick a white one, you lose $100. What is the expected value of picking a ball? APR PAGES étv 20 4. MacBook Pro % 5 9. 7. 8. 0
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