Expected Value Quiz

You have a game where you can draw one card from a standard deck of 52 cards. If you draw a heart, you win $5; otherwise, you win nothing. What is the expected value of your winnings?

• $1.25

• $5

• $0.96

• $0

Tags

CCSS.HSS.MD.B.5A

• $2.50

• $5

• -$2.50

• $0

Tags

CCSS.HSS.MD.B.5A

• $8

• $6

• $10

• $12

Tags

CCSS.HSS.MD.B.5A

• $0.50

• $1

• $0

• -$0.50

Tags

CCSS.HSS.MD.B.5A

• $5

• $2.50

• -$2.50

• $0

Tags

CCSS.HSS.MD.B.5A

• -$5

• $0

• -$9

• $5

Tags

CCSS.HSS.MD.B.5A

You are given the option to play a game where you roll a fair six-sided die. If you roll a 1, 2, or 3, you pay $6. If you roll a 4 or 5, you receive $10. If you roll a 6, you receive $20. What is the expected value of playing this game?

• $3

• $5

• $2

• $4

Tags

CCSS.HSS.MD.B.5A