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Find the expected value of the winnings
from a game that has the following


AWARDING BRAINLEST ANSWER!! PLZ I NEED HELP!!


payout probability distribution:
Payout ($)
0
5
8
10
15
Probability 0.5 0.2 0.15 0.1 0.05
Expected Value = [?]
Round to the nearest hundredth.

Find the expected value of the winnings from a game that has the following AWARDING BRAINLEST ANSWER PLZ I NEED HELP payout probability distribution Payout 0 5 class=

Respuesta :

kacibaxter34

Answer:

The answer is 3.95

Step-by-step explanation:

0×.5 + 5×.2 + 8×.15 + 10×.1 + 15×.05 = ?

0 + 1 + 1.2 + 1 + .75 = 3.95

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