Question
A bag contains 1 gold marbles, 6 silver marbles, and 27 black marbles. Someone offers to play this game: You randomly select one marble from
A bag contains 1 gold marbles, 6 silver marbles, and 27 black marbles. Someone offers to play this game: You randomly select one marble from the bag. If it is gold, you win $4. If it is silver, you win $3. If it is black, you lose $1.
What is your expected value if you play this game?
$
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An Introduction to Analysis
Authors: William R. Wade
4th edition
132296381, 978-0132296380
