An urn contains 12 numbered balls, of which 6 are red, 3 are white and 2 are black. Andy randomly selects one ball from the urn. He gets $3.00 if he selects a black ball, and gets $1.00 if he selects a white ball. He gets nothing if he selects a red ball. What is the expected value of the money he gets? |
Get Answers For Free
Most questions answered within 1 hours.