Two balls are chosen at random from a closed box containing 9
white, 4 black and 2 orange balls. If you win $2 for each black
ball selected but lose $1 for each white ball selected, and letting
X stand for the amount of money won or lost, what are the possible
values of X and what are the probabilities associated with each
X?
What is the expected value of your winnings? (Note: round to the
nearest dollar)
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A. Lose $14 B. Win $14 C. Lose $1 D. Win $1