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Shlomo and Ari are gambling with an unbiased dreidel. Each of the following four outcomes is equally likely, and there is no other possible outcome.
Shlomo and Ari are gambling with an unbiased dreidel. Each of the following four outcomes is equally likely, and there is no other possible outcome.
Gimmel: win $20
Hey: win $5
Shin: lose $15
Nun: nothing happens
What is the expected value of spinning the dreidel? Enter your answer in dollars (and cents, if needed) but do NOT use the $ sign. For example, if your answer is $35.53, enter 35.53.
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