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3 A bag contains 1 gold marbles, 6 silver marbles, and 25 black marbles. Someone offers to play this game: W You randomly select one
3 A bag contains 1 gold marbles, 6 silver marbles, and 25 black marbles. Someone offers to play this game: W You randomly select one marble from the bag. If it is gold, you win $4. If it is silver, you win $2. If it is black, you lose $1. What is your expected value if you play this game? Round your result to the nearest cent. Hint: it helps to set up a probability distribution table: Pick Gold Pick Silver Pick Black 0/4 pts 399 C Outcomes Probability Payoff Question Help: Video Message instructor Submit Question Jump to
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