Homework Help is Here – Start Your Trial Now!
Math
Statistics
(a) Find the expected value of playing the game. O dollars |(b) What can Jina expect in the long run, after playing the game many times? Jina can expect to gain money. She can expect to win I dollars per toss. O Jina can expect to lose money. She can expect to lose I dollars per toss. O Jina can expect to break even (neither gain nor lose money).

(a) Find the expected value of playing the game. O dollars |(b) What can Jina expect in the long run, after playing the game many times? Jina can expect to gain money. She can expect to win I dollars per toss. O Jina can expect to lose money. She can expect to lose I dollars per toss. O Jina can expect to break even (neither gain nor lose money).

College Algebra
College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 61E: Roulette American roulette is a game in which a wheel turns on a spindle and is divided into 38...
See similar textbooks
icon
Related questions
Question
Jina is playing a game of chance in which she tosses a dart into a rotating dartboard with 8 equal-sized slices numbered 1 through 8. The dart lands on a numbered slice at random. This game is this: Jina tosses the dart once. She wins $1 if the dart lands in slice 1, $2 if the dart lands in slice 2, $5 if the dart lands in slice 3, and $8 if the dart lands in slice 4. She loses $2.50 if the dart lands in slices 5, 6, 7, or 8. (If necessary, consult a list of formulas.) (a) Find the expected value of playing the game. || dollars (b) What can Jina expect in the long run, after playing the game many times? O Jina can expect to gain money. She can expect to win | dollars per toss. O Jina can expect to lose money. She can expect to lose | dollars per toss. O Jina can expect to break even (neither gain nor lose money).
Transcribed Image Text:Jina is playing a game of chance in which she tosses a dart into a rotating dartboard with 8 equal-sized slices numbered 1 through 8. The dart lands on a numbered slice at random. This game is this: Jina tosses the dart once. She wins $1 if the dart lands in slice 1, $2 if the dart lands in slice 2, $5 if the dart lands in slice 3, and $8 if the dart lands in slice 4. She loses $2.50 if the dart lands in slices 5, 6, 7, or 8. (If necessary, consult a list of formulas.) (a) Find the expected value of playing the game. || dollars (b) What can Jina expect in the long run, after playing the game many times? O Jina can expect to gain money. She can expect to win | dollars per toss. O Jina can expect to lose money. She can expect to lose | dollars per toss. O Jina can expect to break even (neither gain nor lose money).
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS