AvelynnZ511270 AvelynnZ511270

28-10-2022
Mathematics

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Find the expected value of the winningsfrom a game that has the followingpayout probability distribution:Payout ($)| 012510Probability 0.12 0.2 0.38 0.2 0.1Expected Value = [?]Round to the nearest hundredth.

Find the expected value of the winningsfrom a game that has the followingpayout probability distributionPayout 012510Probability 012 02 038 02 01Expected Value class=

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JaydanI554001 JaydanI554001

28-10-2022

expected value is 2.96

it comes from the formula

[tex]E(x)\text{ = }\Sigma(x)(P(x))[/tex]

E(x) is the expected value

x is the payout

p(x) is the probability

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