A game has 49 green balls and 1 red ball in a bag, and you will randomly select one ball from the bag. If the selected ball is green , you lose $1 . And if the ball is red, you win $100. What is the expected value of the game?
A game has 49 green balls and 1 red ball in a bag, and you will randomly select one ball from the bag. If the selected ball is green , you lose $1 . And if the ball is red, you win $100. What is the expected value of the game?
Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter14: Counting And Probability
Section14.CT: Chapter Test
Problem 15CT
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A game has 49 green balls and 1 red ball in a bag, and you will randomly select one ball from the bag. If the selected ball is green , you lose $1 . And if the ball is red, you win $100. What is the expected value of the game?
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