Posted by **Mary** on Sunday, March 7, 2010 at 9:25pm.

An urn contains 4 green, 6 blue and 10 yellow chips.

You pay $5 to draw a chip from the urn. Here are the rules of the game:

if you draw a green chip, the dealer returns you your bet and gives you an additional $5.

if you draw a blue chip, the dealer returns you your bet and gives you $1.

if you draw a yellow chip, the dealer keeps your $5.

What is the expected value of this game? (use formula for expected value of discrete distribution)

## Answer this Question

## Related Questions

- Math - An urn contains 4 green, 6 blue and 10 yellow chips. You pay $5 to draw a...
- statistic - An urn contains white and green balls. Four balls are randomly drawn...
- Pre Algebra Probability - Each of two urns contains green balls and red balls. ...
- math - an urn contains 3 blue chips and 7 red chips. sequentially draw 3 chips ...
- statistics - an urn contains 3 blue chips and 7 red chips. sequentially draw 3 ...
- algebra - A bin contains 8 blue chips, 5 red chips, 6 green chips, and 2 yellow ...
- College Finite Math - Your Open QuestionShow me another » If the ball is either ...
- Math help? - I am kind of stuck on this one Each of two urns contains green ...
- Probability - urn1 contains 3 red chips and 1 white chip. urn2 contains 2 red ...
- math - a bin contains seven red chips, nine green chips, three yellow chips, and...

More Related Questions