Mathematics, 18.03.2021 01:00 lucywood2024
An alphabet wheel has 26 equally likely spaced slots numbered A to Z. Rusty bets $ 1 on one of the
numbers and wins $ 20. You earn $20 if it lands on your letter; otherwise you lose your bet. The
random variable X assigns $20 to the wheel landing on letter chosen and -$1 to having the wheel land
on any other letter. What is expected value of alphabet on wheel?
Answers: 3
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An alphabet wheel has 26 equally likely spaced slots numbered A to Z. Rusty bets $ 1 on one of the...
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