You pay $3.50 to play a particular game that consists of drawing tokens from a box. The box contains 5 tokens. Two of the tokens are numbered 3, one is numbered 4, and two are numbered 5. The tokens are mixed and you randomly draw a single token from the box. You then win the amount displayed on the token. Find the expected value of your net gain playing this game.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
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2. You pay $3.50 to play a particular game that consists of drawing tokens from a box. The box
contains 5 tokens. Two of the tokens are numbered 3, one is numbered 4, and two are
numbered 5. The tokens are mixed and you randomly draw a single token from the box.
You then win the amount displayed on the token. Find the expected value of your net gain
playing this game.
Transcribed Image Text:2. You pay $3.50 to play a particular game that consists of drawing tokens from a box. The box contains 5 tokens. Two of the tokens are numbered 3, one is numbered 4, and two are numbered 5. The tokens are mixed and you randomly draw a single token from the box. You then win the amount displayed on the token. Find the expected value of your net gain playing this game.
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