Answered

Get the answers you need at Westonci.ca, where our expert community is dedicated to providing you with accurate information. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

Find the expected value of the winningsfrom a game that has the followingpayout probability distribution:Payout ($)024810Probability 0.35 0.2 0.1 0.2 0.15Expected Value = [?]Round to the nearest hundredth.

Sagot :

ANSWER

3.9

EXPLANATION

The expected value is the sum of each value multiplied by its probability. Let X be the payout:

[tex]undefined[/tex]

Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.