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A carnival game charges $3 to play. If the person wins, the carnival provides a prize worth $15. If the person loses, the carnival pays
A carnival game charges $3 to play. If the person wins, the carnival provides a prize worth $15. If the person loses, the carnival pays nothing. The carnival estimates that a person only has a 0.11 probability of winning. Use the probability distribution to find the expected earnings for the carnival, given that E(X) = X1P1 X2P2. (Round to the nearest cent and enter ONLY the numerical answer, for example enter 1.55 for $1.55)
(Round to the nearest cent and enter ONLY the numerical answer, for example enter 1.55 for $1.55) Earnings (X) Probability P(X) -$12 0.11 $3 0.89 MacBook Air 80 FA G DII DD F3 ES F6 F7 F8 F9 > # & 3 4 5 6 7 8 O E R T Y U O D F G H C KStep by Step Solution
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