What is the expected value of the game of chance


Problem: Ted is playing a game of chance. It consists of randomly picking three balls (all together) from a bin which contains 50 balls in total. Numbered from 1 to 50. If all three balls that Ted picks have numbers that are multiples of 10. He wins $27'3; if exactly two of the three numbers are multiples at 10. He wins $24: if exactly one is a multiple M10, he wins $3: and if none of the three numbers are multiples of 10. He loses $2.

What is the expected value of this game of chance?

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