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Homework answers / question archive / A TV game show offers the contestant three options
A TV game show offers the contestant three options. Each option gives a monetary reward. The probabilities associated with these options are given in the following table.
Reward $5 $10 $20
Probability 0.5 0.3 0.2
What is the mean amount of the monetary reward received by the contestant?
a. $10
b. $0.33
c. $9.5
d. $1.67