Grant Smith
07/20/2024 · High School
A bag contains 3 gold marbles, 10 silver marbles, and 29 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? Question Help: Add Work
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The expected value of playing the game is approximately 0.0714 or 7.14 cents.
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