Mathematics, 24.05.2021 22:40 kimmosley80

Find the expected value of the winnings from a game that has the following
payout probability distribution:
Payout ($)| 0
4
6
8
10
Probability 0.45 0.3 0.1
0.1 0.05
Expected Value = [?]
Round to the nearest hundredth.

Answers: 3

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Find the expected value of the winnings from a game that has the following
payout probability...

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More questions: Mathematics Another questions

Find the expected value of the winnings from a game that has the following payout probability distribution: Payout ($)| 0 4 6 8 10 Probability 0.45 0.3 0.1 0.1 0.05 Expected Value = [?] Round to the nearest hundredth.

Answers

Another question on Mathematics

Find the expected value of the winnings from a game that has the following
payout probability distribution:
Payout ($)| 0
4
6
8
10
Probability 0.45 0.3 0.1
0.1 0.05
Expected Value = [?]
Round to the nearest hundredth.