A game is played by first paying 100 pesos. This gives the player a chance to...

 

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A game is played by first paying 100 pesos. This gives the player a chance to draw 2 balls with replacement from a bag that contains 1 red, 2 black and 3 white balls. If 2 red balls are drawn, the player wins 500 pesos. If only 1 red ball is drawn, he wins 50 pesos. If none, he wins nothing. Find the expected value. 44 2 O -415 A game is played by first paying 100 pesos. This gives the player a chance to draw 2 balls with replacement from a bag that contains 1 red, 2 black and 3 white balls. If 2 red balls are drawn, the player wins 500 pesos. If only 1 red ball is drawn, he wins 50 pesos. If none, he wins nothing. Find the expected value. 44 2 O -415

Answer rating: 100% (QA)

Total balls 1 2 3 6 Pwinning 500 pesos Pdrawing ... View the full answer