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 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
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...
Related questions
Question
Practice Pack

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
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Includes step-by-step video
Trending now
This is a popular solution!
Learn your way
Includes step-by-step video
Step by step
Solved in 2 steps with 1 images

Recommended textbooks for you

A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON


A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
