document.write( "Question 516916: A jar contains balls of four different colors; red, blue, yellow and green. The total balls are divides as 40% red, 30% blue, 20% yellow, and 10% green. If you are to select one ball at random. Find the expected value of your winning amount if the payments are set to be $5, $10, $20, $50 for red, blue, yellow and green ball respectively. \n" ); document.write( "
Algebra.Com's Answer #344655 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! A jar contains balls of four different colors; red, blue, yellow and green. The total balls are divides as 40% red, 30% blue, 20% yellow, and 10% green. If you are to select one ball at random. Find the expected value of your winning amount if the payments are set to be $5, $10, $20, $50 for red, blue, yellow and green ball respectively. \n" ); document.write( "--------------------- \n" ); document.write( "E(x) = 0.40*5 + 0.30*10 + 0.20*20 + 0.10*50 \n" ); document.write( "---- \n" ); document.write( "= 2 + 3 + 4 + 5 \n" ); document.write( "--- \n" ); document.write( "= $14.00 \n" ); document.write( "============= \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "============= \n" ); document.write( " |