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You are offered a single spin of a wheel for $95. There is a 25% chance that you will win the grand prize of $393,

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You are offered a single spin of a wheel for $95. There is a 25% chance that you will win the grand prize of $393, a 25% chance of getting your mon and a 50% chance of getting nothing. What is the expected payoff of the spin in dollars? Round your answer to fwo decimal places (Ex. 50.00 ) (Hin payotf is the winnings less your wager.) You are otiered a single spin of a whee for $95. There is a 25% chance that you will win the grand prize of $393, a 25% chance of getting your money back. and a 50% chance of geting nothing. What is the expecied payoff of the spin in dollars? Round your answor to two decimal piaces (Ex 50.00 ) (Hint: your payof is the winnings less your waget.) A. Moving to another question will save this response: (4) Ristestion 9 of 10

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