In a bag, there are 8 red balls, and 2 pink balls. You pay 5 dollars to draw 2 balls. If you draw 2 red balls you lose, if you draw a red and pink you win 9 dollars, and if you draw 2 pinks you get 70 dollars. Find the expected value of this game and round your answer to the nearest cent.

In a bag, there are 8 red balls, and 2 pink balls. You pay 5 dollars to draw 2 balls. If you draw 2 red balls you lose, if you draw a red and pink you win 9 dollars, and if you draw 2 pinks you get 70 dollars. Find the expected value of this game and round your answer to the nearest cent.

Name: In a bag, there are 8 red balls, and 2 pink balls. You pay 5 dollars
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Description: In a bag, there are 8 red balls, and 2 pink balls. You pay 5 dollars to draw 2 balls. If you draw 2 red balls you lose, if you draw a red and pink you win 9 dollars, and if you draw 2 pinks you get 70 dollars. Find the expected value of this 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...

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