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PH Find the expected value of the winnings from a game that has the following payout probability distribution: 1 2 Payout ($) 0 5 10 0.1 Probability 0.12 0.2 0.38 0.2 Expected Value = [?] Round to the nearest hundredth.​

PH Find the expected value of the winnings from a game that has the following payout probability distribution 1 2 Payout 0 5 10 01 Probability 012 02 038 02 Exp class=

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madethisfortwitch1

Answer:

2.96

Step-by-step explanation:

Just multiply the payout by its probability

0*.12+1*.2+2*.38+5*.2+10*.1=2.96

deerslayer69

Answer:2.96

Step-by-step explanation:

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