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Basic Question 0 of 4
There are ten marbles in a box: one red, three yellow, and six blue. You pick one marble from the box for 75 cents. You win $5 if you pick a red marble, $1 if you pick a yellow marble, and nothing if you pick a blue marble. If you play the game once, what is your expected net gain?
B. $1.25
C. $0.05
A. $0.35
B. $1.25
C. $0.05
User Contributed Comments 3
| User | Comment |
|---|---|
| wundac | much more logical with real numbers |
| khalifa92 | then read the example in LOS |
| thevinu | Weighted Avg - Cost |
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
compare publicly and privately owned corporate issuers
CFA® 2025 Level I Curriculum, Volume 2, Module 1.