SOLUTION: 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
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-> SOLUTION: 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
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Question 128442This question is from textbook Fundamentals of Mathematics
: 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?
This question has given me a headache. Thank you for your help. This question is from textbook Fundamentals of Mathematics
You can put this solution on YOUR website! this courtesy of Wikipedia...
"In probability theory the expected value (or mathematical expectation, or mean)
__ of a discrete random variable is the sum of the probability of each possible outcome
__ of the experiment multiplied by the outcome value (or payoff)."
multiply the value of each prize by the probability of the prize
__ add all the products together to get the "mathematical expectation"
