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22 August, 14:27

A bag has 8 red tiles and 2 green tiles. In a charity carnival game, you pay $5 to randomly pull a tile from the bag. The payout for pulling a red tile is $1 and the payout for pulling a green tile is $10. Which of the followig are true or false.

a. The expected payoff per game for the charity is $2.20.

b. In 20 games, the charity can expect to make $44.

c. In 30 games, the charity can expect to make $120.

d. In 5 games, the player can expect to lose $11.

+1
Answers (2)
  1. 22 August, 15:40
    0
    B:True

    Step-by-step explanation:

    B is true as a bag of 8 red tiles and 2 green tiles you pay 5 per tile meaning in twenty games you pay $100 (50 per bag) and the total amount you win back is $56 (28 per bag) so the equation would be $100 - $56 = $44 profit to the charity
  2. 22 August, 17:04
    0
    should be D.
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