A TV game show offers the contestant three options

Math May 17, 2021

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

Expert Solution

Answer:

mean = $9.5

Step-by-step explanation

E(X) = ∑x.P(X) = 9.50

mean = E(X) = 9.5

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