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A Carnival Game Costs $2 to Play

Question 2

Short Answer

A carnival game costs $2 to play. A player draws a ball at random from a sack containing 1 white ball, 2 blue balls, 3 red balls, and 4 yellow balls. The payoff for drawing a particular color ball is as follows: white pays $5, blue pays $4, red pays $3 and yellow pays nothing. If X is the amount of money a player wins. Calculate E(X). Enter just a real number rounded off to two decimal places (no label).

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