SOLUTION: A person randomly selects one of the six envelopes shown below. Each envelope contains a check that a person gets to keep. Determine the person's expectation if four envelopes cont

Algebra ->  Probability-and-statistics -> SOLUTION: A person randomly selects one of the six envelopes shown below. Each envelope contains a check that a person gets to keep. Determine the person's expectation if four envelopes cont      Log On


   



Question 731989: A person randomly selects one of the six envelopes shown below. Each envelope contains a check that a person gets to keep. Determine the person's expectation if four envelopes contain a $1000 check and two envelopes contain a $5000 check.
Answer by lynnlo(4176) About Me  (Show Source):