1. Math
  2. Prealgebra
  3. a bag contains 4 gold marbles 8 silver marbles and...

Question: a bag contains 4 gold marbles 8 silver marbles and...

Question details

A bag contains 4 gold marbles, 8 silver marbles, and 22 black marbles. The rules of the game are as follows: You randomly select one marble from the bag. If it is gold, you win $5, if it is silver, you win $3. If it costs $1 to play, what is your expected profit or loss if you play this game?

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution