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Becca plays a game in which she can purchase a ticket. Each ticket has several chances, or catches, to win money. The table below shows
Becca plays a game in which she can purchase a ticket. Each ticket has several chances, or "catches," to win money. The table below shows the probability of winning at each stage, and how much money the ticket can win at each catch. Every time Becca plays the game, her ticket is played through each catch, which means she can win money at each stage.
Catch | Probability | Winnings |
Catch 0 | 40% | $1 |
Catch 1 | 45% | $5 |
Catch 2 | 12% | $10 |
Catch 3 | 3% | $25 |
Giventhe probabilities and payout values in this table, what is the expected value of Becca's ticket?
- a.)$10.25
- b.)$41.00
- c.)$4.60
- d.)$1.20
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