The expected value of the winnings from the game is $2.1.
How to determine the expected value?
The payout probability distribution is given as:
Payout ($) 0 2 4 6 10
Probability 0.5 0.2 0.15 0.1 0.05
WE need to find the expected value of the winnings from the game.
The expected value is then calculated as:
E(x) = x P(x)
This gives
E(x) = 0 * 0.5 + 2 * 0.2 + 4 * 0.15 + 6 * 0.1 + 10 * 0.05
E(x) = 0 + 0.4 + 0.60 + 0.6 + 0.5
Evaluate the expression
E(x) = 2.1
Hence, the expected value of the winnings from the game is $2.1.
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brainly.com/question/15858152
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