Answer
9.65 dollars
Work Step by Step
win: 2, 10, 25, 100
probability 1/2, 5/26, 3/26, 1/26
Expected value: $E(X)=\sum X_ip_i=9.65$
Elementary Statistics: A Step-by-Step Approach with Formula Card 9th Edition
by Bluman, Allan
Published by
McGraw-Hill Education
ISBN 10:
0078136334
ISBN 13:
978-0-07813-633-7
Chapter 5 - Discrete Probability Distributions - Chapter Quiz - Page 307: 20
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