Martina has a bag with 8 balls numbered 1 through 8. She is playing a game of chance.

This game is this: Martina chooses one ball from the bag at random. She wins $1 if the number 1 is selected,$2 if the number 2 is selected, $3 if the number 3 is selected, $4 if the number 4 is selected, and $5 if the number 5 is selected. She loses $7 if 6, 7, or 8 is selected.

(a) Find the expected value of playing the game? __ dollars (b) What can Martina expect in the long run, after playing the game many times? (She replaces the ball in the bag each time.)

__Martina can expect to gain money. She can except to win __ dollars per selection

__Martina can expect to lose money. She can except to lose __ dollars per selection

__Martina can expect to break even (neither gain nor lose money).

V Martina has a bag with 8 balls numbered 1 through 8. She is playing a game of chance. This game is this: Martina chooses one ball from the bag at random. She wins $1 if the number 1 is selectec, $2 if the number 2 is selected, $3 if the number 3 is selected, $4 if the number 4 is selected, and $5 if the number 5 is selected. She loses $7 if 6, 7, or 8 is selected. (a) Find the expected value of playing the game. [I dollars (b) What can Martina expect in the long run, after playing the game many times? (She replaces the ball in the bag each time.) 0 Martina can expect to gain money. She can expect to win D dollars per selection. 0 Martina can expect to lose money. She can expect to lose [l dollars per selection. 6) Martina can expect to break even (neither gain nor lose money)