There are four balls in a bag: one red, two blue, and one green. If you draw out a red ball, you win $20. If you draw out a blue ball, you win $2. If you draw out a green ball, you win $10. Should you pay $9 to play this game? Why or why not? (Argue in terms of expected value.)

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The Answer of There are four balls in a bag: one red, two blue, and one green. If you draw out a red ball, you win $20. If you draw out a blue ball, you win $2. If you draw out a green ball, you win $10. Should you pay $9 to play this game? Why or why not? (Argue in terms of expected value.)

There Are Four Balls in a Bag: One Red, Two