Formula: Expected value = E(x) = x1P1+x2P2+ ... + xnPn Where x = the outcome and P = probability of outcome Dr. Kimball likes to go fishing with his son. To motivate his son, he pays him for the first fish that he catches. There are two types of edible fish that his son can catch: Trout and Salmon. If he catches a Trout he pays him $5, if he catches Salmon $3. There is a 20% chance that he will catch a trout and 50% that he will catch a Salmon. On average, how much does Dr. Kimball pay his son on a trip?

Formula: Expected value = E(x) = x1P1+x2P2+ ... + xnPn Where x = the outcome and P = probability of outcome Dr. Kimball likes to go fishing with his son. To motivate his son, he pays him for the first fish that he catches. There are two types of edible fish that his son can catch: Trout and Salmon. If he catches a Trout he pays him $5, if he catches Salmon $3. There is a 20% chance that he will catch a trout and 50% that he will catch a Salmon. On average, how much does Dr. Kimball pay his son on a trip?

Elementary Geometry For College Students, 7e

7th Edition

ISBN:9781337614085

Author:Alexander, Daniel C.; Koeberlein, Geralyn M.

Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.

ChapterP: Preliminary Concepts

SectionP.CT: Test

Problem 1CT

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Formula:

Expected value = E(x) = x1P1+x2P2+ ... + xnPn

Where x = the outcome and P = probability of outcome

Dr. Kimball likes to go fishing with his son. To motivate his son, he pays him for the first fish that he catches. There are two types of edible fish that his son can catch: Trout and Salmon. If he catches a Trout he pays him $5, if he catches Salmon $3. There is a 20% chance that he will catch a trout and 50% that he will catch a Salmon.

On average, how much does Dr. Kimball pay his son on a trip?

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