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Question 1 (2 points] Ted is playing a game of chance. It consists of randomly picking three balls {all together] from a bin which contains
Question 1 (2 points] Ted is playing a game of chance. It consists of randomly picking three balls {all together] from a bin which contains 50 balls in total. numbered from 1 to 50. If all three balls that Ted picks have numbers that are multiples of 10. he wins $27'3; if exactly two of the three numbers are multiples at 10. he wins $24: if exactly one is a multiple M10, he wins $3: and if none of the three numbers are multiples of 10. he loses $2. A] What is the expected value of this game of chance? Answer: 5
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