Answer
0.0833
Work Step by Step
To calculate the expected value, use the data obtained from the last question:
1 dollar P(1)=0.3472
2 dollars P(2)=0.0694
3 dollars P(3)=0.0046
The expected value is $(1\times0.3472+2\times 0.0694+3\times0.0046)/(1+2+3)=0.0833$
