Question
The table below shows the different ways to win, the probability of winning each way, and how much money each win results in. Every time
The table below shows the different ways to win, the probability of winning each way, and how much money each win results in. Every time Brianna buys a ticket, she can win money each way.
| Ways to Win | Probability | Winings |
|---|---|---|
| Way 1 | 35% | $1 |
| Way 2 | 40% | $5 |
| Way 3 | 20% | $10 |
| Way 4 | 5% | $25 |
Given the probabilities and payout values in this table, what is the expected value of Brianna's ticket?
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Linear Algebra A Modern Introduction
Authors: David Poole
4th edition
1285463242, 978-1285982830, 1285982835, 978-1285463247
