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19 September, 09:48

A bag contains 3 gold marbles, 9 silver marbles, and 25 black marbles. Someone offers to play this game: You randomly select one marble from the bag. If it is gold, you win $3. If it is silver, you win $2. If it is black, you lose $1.

What is your Expected Value if you play this game?

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Answers (2)
  1. 19 September, 10:05
    0
    The Expected Value is minus $1.

    Step-by-step explanation:

    There are more black marbles then any other gold or silver marbles.
  2. 19 September, 10:17
    0
    I lose 1

    Step-by-step explanation:

    because the probability of getting a black marble is likely
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