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[6](10) A standard slot machine has three reels. The first reel has 4 walnuts, 7 cherries, 3 oranges, 4 lemons, 1 bell, and I jackpot
[6](10) A standard slot machine has three reels. The first reel has 4 walnuts, 7 cherries, 3 oranges, 4 lemons, 1 bell, and I jackpot bar. The second reel has 7 cherries, 6 oranges, I lemon, 3 bells, and 3 bars. The third reel has 4 walnuts, 7 oranges, 5 lemons, 3 bells and 1 bar. The payoffs are: Reel 1 Reel 2 Reel 3 Payoff in Coins Bar Bar Bar Bell Bell Bar 25 Bell Bell Bell 20 Lemon Lemon Bell 14 Lemon Lemon Lemon 16 Orange Orange Bar 10 Orange Orange Orange 10 Cherry Cherry Bell 8 Cherry Cherry Walnut 5 Cherry Cherry Any other (a) What is the expected payoff if each picture on each reel is equally likely to appear? (b) In the long run, what fraction of every dollar bet will this one-armed bandit (the slot machine) keep
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