Math Question
![Find the expected value of the winnings from a game that has the following payout probability distribution:
\begin{tabular}{c|ccccc}
Payout (\$) & 0 & 2 & 4 & 8 & 10 \\
\hline Probability & \( 0.45 \) & \( 0.3 \) & \( 0.1 \) & \( 0.1 \) & \( 0.05 \)
\end{tabular}
Expected Value = [?]
Round to the nearest hundredth.
Enter](https://d3hlidq5bf9vg0.cloudfront.net/app-server-student/2022/2/22/1349bfff-f2db-4009-87fc-1ef33a206247.png "Find the expected value of the winnings from a game that has the following payout probability distribution:
\begin{tabular}{c|ccccc}
Payout (\$) & 0 & 2 & 4 & 8 & 10 \\
\hline Probability & \( 0.45 \) & \( 0.3 \) & \( 0.1 \) & \( 0.1 \) & \( 0.05 \)
\end{tabular}
Expected Value = [?]
Round to the nearest hundredth.
Enter")
Solution
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