What is the expected value of the distribution?
0 1
A local charity holds a carnival to raise...
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Mathematics, 11.01.2021 20:50 he0gaubong
What is the expected value of the distribution?
0 1
A local charity holds a carnival to raise money. In one
activity, participants make a $3 donation for a chance to
spin a wheel that has 10 spaces marked with the
values 0, 1, 2, 5, and 10. The participant wins the dollar
amount marked on the space on which the wheel
stops. Let X represent the value of a spin. The
distribution of X is given in the table.
O 1.5
O 2.1
O 3.5
0
1
2
5
10
Value of a
Spin
Probability
0.4
0.2
0.2
0.1
0.1
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