document.write( "Question 128442This question is from textbook Fundamentals of Mathematics
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document.write( ": In a wheel game show four prize are hidden on the wheel which contains 20 spaces. One prize is worth $500, two prizes are worth $1000 each, and the other prize is worth $3000. The remaining spaces contain no prizes. If a contestant picks a space at random, what is the mathematical expectation?\r
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document.write( "This question has given me a headache. Thank you for your help. \n" );
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Algebra.Com's Answer #94119 by scott8148(6628)![]() ![]() You can put this solution on YOUR website! this courtesy of Wikipedia... \n" ); document.write( "\"In probability theory the expected value (or mathematical expectation, or mean) \n" ); document.write( "__ of a discrete random variable is the sum of the probability of each possible outcome \n" ); document.write( "__ of the experiment multiplied by the outcome value (or payoff).\"\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "multiply the value of each prize by the probability of the prize \n" ); document.write( "__ add all the products together to get the \"mathematical expectation\" \n" ); document.write( " |