Answer
$\$2.50$
Work Step by Step
Both events are equally likely:
$3\times0.5 + 2\times 0.5 = 2.50$
The expected outcome is $\$2.50$.
College Algebra 7th Edition
by Stewart, James; Redlin, Lothar; Watson, Saleem
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: 6
Update this answer!
You can help us out by revising, improving and updating this answer.
Update this answerAfter you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.
