Find the expected value of the winnings from a game that has the following
payout probability distribution:
Payout ($)
1
4 6 8 10
Probability 0.12 0.2 0.38 0.2 0.1
Expected Value = [?]
Round to the nearest hundredth.

3/4 ÷ 3/4

step-by-step explanation:

basically divide any proper fraction with itself to fit the criteria.

so if we are using 3/4, then:

3/4 ÷ 3/4 = 1

so 1 is the quotient.

and the numerators for both these fractions is 3.   and if we divide the numerators:

3 ÷ 3 = 1

we see that quotient is equal to our original quotient as well.

this linear equation would have just one solution.

step-by-step explanation:

the reason why this would have one solution is that it is an expression with just one variable. since that variable is not raised to a power, it will always have just one solution.

explanation:

step-by-step explanation: