Suppose a game has four outcomes: A, B, C, and D. The probability of outcome A is 0.4, the probabilities of each of the other outcomes is 0.2. A player receives $2 if outcome A occurs, $3 if outcome B occurs, $1 if outcome C occurs, and must pay $5 if outcome D occurs. What is the mean value of one trial of this game?

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The Answer of Suppose a game has four outcomes: A, B, C, and D. The probability of outcome A is 0.4, the probabilities of each of the other outcomes is 0.2. A player receives $2 if outcome A occurs, $3 if outcome B occurs, $1 if outcome C occurs, and must pay $5 if outcome D occurs. What is the mean value of one trial of this game?

Suppose a Game Has Four Outcomes: A, B, C, and D