College Algebra 7th Edition

Published by Brooks Cole
ISBN 10: 1305115546
ISBN 13: 978-1-30511-554-5

Chapter 9, Counting and Probability - Section 9.4 - Expected Value - 9.4 Exercises - Page 680: 12

Answer

$\$3.11$

Work Step by Step

John only wins $5$ dollars if both balls are white. The probability of $2$ white balls: $\dfrac{8}{10}\times \dfrac{7}{9} = \dfrac{56}{90}$. The denominator and numerator both decrease by one because a white ball has been removed from the bag. The expected value is: $5\times \dfrac{56}{90}=\dfrac{280}{90}\approx 3.11$ John can expect to win $\$3.11$.
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