PS.5.ATMM.5

Find the expected payoff for a game of chance (e.g., find the expected winnings from a state lottery or a game at a fast-food restaurant)

Example Problems
An animal‑shelter manager tracks daily adoptions.
Let
= the number of animals adopted in one day.
A = # adopted01234
Probability0.150.350.300.150.05


Find the
mean of .
Meteorologists count monthly severe‑storm warnings in a region.
Let
= the number of warnings in a month.
W = warnings0123
Probability0.500.300.150.05


Calculate the
expected value of .
In a family board game, landing on a special square changes a player's money by an amount G shown below.
Outcome-$10$0$20
Probability0.200.500.30


Find the
expected value of G.
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