Let’s also say that 65% of all diamond rings sold in WV are yellow gold. In a random sample of 20 folks, what is the probability that 12 have purchased yellow gold diamond rings?thank you and I promise this is the last question today.:D
MarkFL,
I don't know. that is the question word for word that I have on my paper from my Professor. That is what is confusing, it just says "What is the expected value of the game?"
Here is the question: You are playing a gambling game (silly, yea I know). The first part of the game is to throw a die. If it comes up a 3, you move on. Otherwise, you lose. The second part of the game entails pulling a card out of a standard deck. If it is a heart, you win $100...