document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=436502>Question 436502</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Blue Chips and Red Chips A bag contains 3 blue chips and 2 red chips. Chi and Dolly play the following game. Chi selects one chip at random from the bag. If Chi selects a blue chip, Dolly gives Chi $5. If Chi selects a red chip, Chi gives Dolly $8.\r<BR>\n" );
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document.write( "    * a) Determine Chi’s expectation.<BR>\n" );
document.write( "    * b) Determine Dolly’s expectation.<BR>\n" );
document.write( "You can put this solution on YOUR website!<BR>\n" );
document.write( "Blue Chips and Red Chips A bag contains 3 blue chips and 2 red chips. Chi and Dolly play the following game. Chi selects one chip at random from the bag. If Chi selects a blue chip, Dolly gives Chi $5. If Chi selects a red chip, Chi gives Dolly $8.<BR>\n" );
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document.write( " Random gain values for Chi: 5, -8<BR>\n" );
document.write( " Corresponding Probabilities: 3/5, 2/5<BR>\n" );
document.write( " ------ <BR>\n" );
document.write( "* a) Determine Chi’s expectation.<BR>\n" );
document.write( " E(x) = 5(3/5)-(8)(2/5) = 3-16/5 = -1/5 = -20 cents<BR>\n" );
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document.write( " * b) Determine Dolly’s expectation.<BR>\n" );
document.write( " Ans: +20 cents<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #302020 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=302020\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Blue Chips and Red Chips A bag contains 3 blue chips and 2 red chips. Chi and Dolly play the following game. Chi selects one chip at random from the bag. If Chi selects a blue chip, Dolly gives Chi $5. If Chi selects a red chip, Chi gives Dolly $8.<BR>\n" );
document.write( "--------------------<BR>\n" );
document.write( "Random gain values for Chi: 5, -8<BR>\n" );
document.write( "Corresponding Probabilities: 3/5, 2/5<BR>\n" );
document.write( "------ <BR>\n" );
document.write( "* a) Determine Chi’s expectation.<BR>\n" );
document.write( "E(x) = 5(3/5)-(8)(2/5) = 3-16/5 = -1/5 = -20 cents<BR>\n" );
document.write( "--------------------------------------------------------<BR>\n" );
document.write( "* b) Determine Dolly’s expectation.<BR>\n" );
document.write( "Ans: +20 cents<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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