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April 17, 2014

April 17, 2014

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

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)

- College Stats -
**PsyDAG**, Monday, March 8, 2010 at 10:54amI searched Google under the key words "

*formula for expected value of discrete distribution*" to get this:

http://www.google.com/search?client=safari&rls=en&q=formula+for+expected+value+of+discrete+distribution&ie=UTF-8&oe=UTF-8

In the future, you can find the information you desire more quickly, if you use appropriate key words to do your own search. Also see http://hanlib.sou.edu/searchtools/.

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