Mathematics: Sellus Find the expected value of the winnings from a game that has the following payout probability distribution: Payout ($)| 0 2 4 8 10 Probability 0.35 0.2 0.1 0.2 0.15 Round in the nearest hundredth

Sellus Find the expected value of the winnings

Maddi1144

20.06.2021

3.9

Step-by-step explanation:

Given the data:

Payout ($) (x) : 0 2 4 8 10

Probability p(x) : 0.35 0.2 0.1 0.2 0.15

The expected winning ; E(X) = Σ(x * p(x))

Σ(x * p(x)) = (0*0.35)+(2*0.2)+(4*0.1)+(8*0.2)+(10*0.15)

= 0 + 0.4 + 0.4 + 1.6 + 1.5

= 3.9

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lakenyagillard79

08.08.2020

Step-by-step explanation:

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