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Sagot :
The expected value if I have to pick one package given the price I would have to pay is $0.11.
What is the expected value?
The expected value is the cost you would have to pay subtracted from the total value of one package.
Total value of one package =[ (15 x 0.60) + (5 x 0.3) + (20 x 0.7)]/ (20 + 15 + 5) = $0.61
Expected value = $0.61 - $0.50 = $0.11
To learn more about expected value, please check: https://brainly.com/question/27624788
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