Suppose a Game Has Three Outcomes, A, B, and C

question 72

Multiple Choice

Suppose a game has three outcomes, A, B, and C with probabilities P(A) = 0.2, P(B) = 0.3, and P(C) = 0.5. A player will receive $3 when outcome A occurs, $4 when outcome B occurs, and will have to pay $2 when outcome C occurs. What is the mean value of one trial of the game?

• A) $0.80
• B) $1.66
• C) $1.00
• D) $5.00

---

Definitions:

Canada

A country in the northern part of North America, known for its vast landscapes, multicultural population, and bilingual (English and French) heritage.

1901

The year 1901 marks the beginning of the 20th century and is notable for various significant global events and innovations.

Laval

A city in the Canadian province of Quebec, located on Île Jésus across from Montreal, known for its educational institutions and cultural diversity.

Edge City

A relatively new, sprawling urban area situated on the outskirts of a larger city, characterized by extensive office and retail space.