You plan to charge $1 for each time a student plays, and the payout for a win is $5. According to your calculations, the probability of a win is .05. What is your expected value for this game? The expected value

21.8

Step-by-step explanation:

Step 1

This is a problem on finding the mean of continuous grouped data. We first find the midpoint of each interval. For example, the first interval or class is 0 - 10. The mid-point of this class will be (0 + 10)/2 = 5.

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Step 2

We now calculate the product of mid-point and frequency for each class. Here, the number of athletes in each class is the frequency of that class. For example, for the first class 0 – 10, its frequency is 3.

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Step 3

We can now use the formula to calculate mean. Note that t...

the diver is 33 feet below the surface.

step-by-step explanation:

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