The cards shown below are placed in a hat and one card is randomly drawn. If a player draws a diamond they win $20. If they draw a circle they win $2. If they draw a square they pay $5. If they draw a triangle the pay $2. What is the expected value of playing this game? O $0.80

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
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The cards shown below are placed in a hat and one card is randomly drawn. If a player draws a diamond they win $20. If they draw a
circle they win $2. If they draw a square they pay $5. If they draw a triangle the pay $2. What is the expected value of playing this game?
O $0.80
O $0.15
O $8.00
O $15.00
Transcribed Image Text:The cards shown below are placed in a hat and one card is randomly drawn. If a player draws a diamond they win $20. If they draw a circle they win $2. If they draw a square they pay $5. If they draw a triangle the pay $2. What is the expected value of playing this game? O $0.80 O $0.15 O $8.00 O $15.00
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