In a bag there are 8 red balls,  and 2 pink balls.  You pay 9 dollars to draw 2 balls.  If you draw 2 red balls you lose, if you draw a red and pink you win 6 dollars, and if you draw 2 pink you get 60 dollars.  Find the expected value of this game and round you answer to the nearest cent.

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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In a bag there are 8 red balls,  and 2 pink balls.  You pay 9 dollars to draw 2 balls.  If you draw 2 red balls you lose, if you draw a red and pink you win 6 dollars, and if you draw 2 pink you get 60 dollars.  Find the expected value of this game and round you answer to the nearest cent.

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