A bag contains 5 gold marbles, 7 and 23 black marbles. The rules c as follows: You randomly select o

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.5: Interpreting Data
Problem 3E
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A bag contains 5 gold marbles, 7 silver marbles,
and 23 black marbles. The rules of the game are
as follows: You randomly select one marble from
the bag. If it is gold, you win $4, if it is silver, you
win $3. If it costs $1 to play, what is your expected
profit or loss if you play this game?
$
Submit Question
Transcribed Image Text:A bag contains 5 gold marbles, 7 silver marbles, and 23 black marbles. The rules of the game are as follows: You randomly select one marble from the bag. If it is gold, you win $4, if it is silver, you win $3. If it costs $1 to play, what is your expected profit or loss if you play this game? $ Submit Question
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