What is the mean value of the one trial of this game

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Reference no: EM13178742

Suppose a game has four outcomes. A, B, C, and D. The probability of outcome A is 0.4. The probabilities of each of the other outcomes is 0.2. A player receives $2 if outcome A occurs, $3 if outcome B occurs, and must pay $5 if outcome D occurs. What is the mean value of the one trial of this game?

Reference no: EM13178742

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