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Number of Tickets Probability 0.35 N 0.20 3 0.20 5 0.10 10 0.10 25 0.04 100 0.01 Using the information in the table above answer

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Number of Tickets Probability 0.35 N 0.20 3 0.20 5 0.10 10 0.10 25 0.04 100 0.01 Using the information in the table above answer the following questions. 1. If a player were to play this game many, many times, what is the expected number of tickets that a player would win from each spin? 2. The arcade often sells quarters to its customers in $5.00 rolls. Every day over the summer, Jeremy obtains one of these quarter rolls and uses all of the quarters for the spinning wheel game. In the long run, what is the average number of tickets that Jeremy can expect to win each day using this strategy? How many spins can Jeremy get for $5.00? spins 3. If the expected number of tickets per spin is 4.85, how many tickets can he expect to get in 20 spins? tickets. 4. One of the redemption center prizes that Jeremy is playing for is an item that costs 300 tickets. It is also available at a store down the street for $4.99. Without factoring in any enjoyment gained from playing the game or from visiting the arcade, from a strictly monetary point of view, would you advise Jeremy to try to obtain this item based on arcade ticket winnings or to go and buy the item at the store? Jeremy gets an average of 97 tickets for $5. It would cost a little more than S to win 300 tickets. Jeremy should

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