Calculate the expected return in a game where sam wins $1 with the probability of 1 3 , $5 with the probability of 1 6 , and $0 with the probability of 1 2 a. $0. b. $1 1 6 . c. $ 2 1 6 . d. $3

The expected value of events with probabilities is given by



Given that in a game, Sam wins $1 with the probability of , $5 with the probability of , and $0 with the probability of

Sam's expected winnings is given by:



Therefore, Sam's expected winnings is $1.17