A bag contains 2 gold marbles, 6 silver marbles, and 24 black marbles. Someone offers to play this game: You randomly select one marble from the bag. If it is gold, you win $4. If it is silver, you win $2. If it is black, you lose $1. What is your expected value if you play this game? $.13 Question Help: Video

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter0: Preparing For Algebra
Section: Chapter Questions
Problem 69POT
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A bag contains 2 gold marbles, 6 silver marbles, and 24 black marbles. Someone offers to play this game:
You randomly select one marble from the bag. If it is gold, you win $4. If it is silver, you win $2. If it is
black, you lose $1.
What is your expected value if you play this game?
$.13
Question Help: Video
Transcribed Image Text:A bag contains 2 gold marbles, 6 silver marbles, and 24 black marbles. Someone offers to play this game: You randomly select one marble from the bag. If it is gold, you win $4. If it is silver, you win $2. If it is black, you lose $1. What is your expected value if you play this game? $.13 Question Help: Video
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