SOLUTION: There are 10 Cards numbered from 1-10. Cards are drawn at random. The value of the card is the amount you have to pay. What is the proability of your payment?
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Question 741365: There are 10 Cards numbered from 1-10. Cards are drawn at random. The value of the card is the amount you have to pay. What is the proability of your payment?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
There are 10 Cards numbered from 1-10. Cards are drawn at random. The value of the card is the amount you have to pay. What is the proability of your payment?
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Expected value = (1/10)(1+2+3+...+10) = (1/10)(55) = $5.50
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Cheers,
Stan H.
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