Question:
In a lottery game, you can win a prize of 10 points with a probability of 0.1, 5 points with a probability of 0.3, or 0 points with a probability of 0.6. What is the expected value of points won?
In a lottery game, you can win a prize of 10 points with a probability of 0.1, 5 points with a probability of 0.3, or 0 points with a probability of 0.6. What is the expected value of points won?