Question
A casino features a game in which a weighted coin is tossed several times. The table shows the probability of each payout amount (assume that the remaining probability has a payout of 0 so that the probabilities add to 1). To the nearest dollar, what is expected payout of the game?
Payout Amount
$160
$4,400
$145,000
Probability
0.146
0.024
0.0007
