Mathematics, 31.07.2021 23:40 starr34

You pay $10 to play the following game of chance. there is a bag containing 12 balls: three are red, five are green, and the rest are yellow. You are to draw one ball from the bag. You will win $15 if you draw a red ball, and you will win $10 if you draw a yellow ball. You win nothing for drawing a green ball. What is the expected value? Should you play?

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