document.write( "Question 1147245: A bag contains 4 gold marbles, 9 silver marbles, and 23 black marbles. The rules of the game are as follows: You randomly select one marble from the bag. If it is gold, you win $5, if it is silver, you win $3. If it costs $1 to play, what is your expected profit or loss if you play this game? \n" ); document.write( "
Algebra.Com's Answer #768562 by greenestamps(13208)\"\" \"About 
You can put this solution on YOUR website!


\n" ); document.write( "Expected value: Find the probability of getting each color marble; multiply each probability by the value of that marble (winnings, minus the $1 cost of playing); and add those products.

\n" ); document.write( "gold marble: probability 4/36; value (-1+5) = 4
\n" ); document.write( "silver marble: probability 9/36; value (-1+3) = 2
\n" ); document.write( "black marble: probability 21/36; value -1

\n" ); document.write( "expected value:
\n" ); document.write( "\"4%28%284%29%2F36%29%2B%282%29%289%2F36%29%2B%28-1%29%2821%2F36%29+=+13%2F36\"
\n" ); document.write( "
\n" );