Find the expected value of the winnings from a game that has the following
payout probability distribution:
Payout ($) 0 5
8
10
15
Probability 0.5 0.2 0.15 0.1 0.05
Expected Value = [?]

Multiply each payout by the corresponding probability and take the total:

E[X] = 0×0.5 + 5×0.2 + 8×0.15 + 10×0.1 + 15×0.05 = 3.95

coins of silver or gold

step-by-step explanation:

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step-by-step explanation:

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