Question
You get to pick one suitcase with a monetary prize. Of eight cases, four hold $1 each, three hold $1000 each, and one holds $100
You get to pick one suitcase with a monetary prize. Of eight cases, four hold $1 each, three hold $1000 each, and one holds $100 000. Calculate the expected value.
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Stats Data And Models
Authors: Richard D De Veaux, Paul F Velleman, David E Bock
5th Edition
013516382X, 978-0135163825
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