SOLUTION: A bag contains 2 gold marbles, 10 silver marbles, and 21 black marbles. Someone offers to play this game: You randomly select one marble from the bag. If it is gold, you win $4. If
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-> SOLUTION: A bag contains 2 gold marbles, 10 silver marbles, and 21 black marbles. Someone offers to play this game: You randomly select one marble from the bag. If it is gold, you win $4. If
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Question 1147921: A bag contains 2 gold marbles, 10 silver marbles, and 21 black marbles. Someone offers to play this game: You randomly select one marble from the bag. If it is gold, you win $4. If it is silver, you win $3. If it is black, you lose $1.
What is your Expected Value if you play this game?
