Your family plays a money game for Christmas where the someone pulls names out of a hat. If a child is chosen, they win $10. If a young adult is chosen, they win $50. If an adult is chosen, they have to pay $50 and if a senior is chosen, they have to pay $100. What is the expected value for your family if plays the game 5 times. family of 20. 10 children , 7 young adult, 2 adult and 1 senior.
Answer:
the expected value is 250 dollars
Answer:
children 500
young adult 1750
adult 500
senior 500