SOLUTION: A bag contains 3 gold marbles, 7 silver marbles, and 22 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,
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-> SOLUTION: A bag contains 3 gold marbles, 7 silver marbles, and 22 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,
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Question 1147885: A bag contains 3 gold marbles, 7 silver marbles, and 22 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? Answer by ikleyn(52884) (Show Source):
