SOLUTION: Two black chips and three red chips are put into a bag. Two points are awarded for each black chip drawn, and one point is lost for each red chip drawn. What is the expected value

SOLUTION: Two black chips and three red chips are put into a bag. Two points are awarded for each black chip drawn, and one point is lost for each red chip drawn. What is the expected value

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Question 879660: Two black chips and three red chips are put into a bag. Two points are awarded for each black chip drawn, and one point is lost for each red chip drawn. What is the expected value for each round if there are two draws per round and the chips are replaced after each draw?
-0.08
-0.04
0.2
0.4
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
5 Chips:2B, 3R
chips are replaced after each draw
E = 2() = 2/5
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