Question
spinner stops on a numbered slice at random. This game is this: Carmen spins the spinner once. She wins $1 if the spinner stops on
spinner stops on a numbered slice at random. This game is this: Carmen spins the spinner once. She wins $1 if the spinner stops on the number 1, $3 if the spinner stops on the number 2 , $5 if the spinner stops on the number 3, and $7 if the spinner stops on the number 4. She loses $1.25 if the spinner stops on 5 or 6.
(a) Find the expected value of playing the game? --Dollars (b) What can Carmen expect in the long run, after playing the game many times?
Carmen can expect to gain money. She can expect to win ? dollars per spin.
Carmen can expect to lose money. She can expect to lose ? dollars per spin
Carmen can expect to break even (neither gain nor lose money).
Carmen is playing a game in which she spins a spinner with 6 equalsized slices numbered 1 through 6. The spinner stops on a numbered slice at random. This game is this: Carmen spins the spinner once. She wins $1 if the spinner stops on the number 1, $3 if the spinner stops on the number 2, $5 if the spinner stops on the number 3, and $7 if the spinner stops on the number 4. She loses $1.25 if the spinner stops on 5 or 6. (a) Find the expected value of playing the game. I] dollars (b) What can Carmen expect in the long run, after playing the game many times? 0 Carmen can expect to gain money. She can expect to win I] dollars per spin. 0 Carmen can expect to lose money. She can expect to lose I] dollars per spin. 0 Carmen can expect to break even (neither gain nor lose money)Step by Step Solution
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