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Basic Question 1 of 6

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?

A. $0.35
B. $1.25
C. $0.05

User Contributed Comments 2

User Comment
wundac much more logical with real numbers
khalifa92 then read the example in LOS
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz

Tamara Schultz

Learning Outcome Statements

calculate expected values, variances, and standard deviations and demonstrate their application to investment problems

CFA® 2024 Level I Curriculum, Volume 1, Module 4.