A game costs $9.00 to play. In the game, there is a bag that contains 16 balls; 3 are red, 9 are green, and 4 are yellow
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A game costs $9.00 to play. In the game, there is a bag that contains 16 balls; 3 are red, 9 are green, and 4 are yellow
A game costs $9.00 to play. In the game, there is a bag that contains 16 balls; 3 are red, 9 are green, and 4 are yellow. The player of the game draws one ball at random from the bag, and the player wins $11.00 if they draw a red ball, nothing if they draw a green ball, and $13.00 if they draw a yellow ball. What is the expected value of this game for the player? Round your answer to the nearest cent.
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