vanessaplaza1618 vanessaplaza1618

10-04-2024
Mathematics

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A bag contains 1 gold marbles, 7 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?

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