A roulette wheel has thirty slots consisting of two blue, eight white, and twenty red slots. You will receive P100 if the roulette stops spinning on a blue slot, P50 on a white slot, and nothing on a red slot. Compute the fair price for this roulette-spinning game. O P 15 O - P 20 O P 20

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 12CYU
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A roulette wheel has thirty slots consisting of two blue, eight white, and twenty red slots.
You will receive
P100 if the roulette stops spinning on a blue slot,
P50 on a white slot, and
nothing on a red slot.
Compute the fair price for this roulette-spinning game.
O P 15
O - P 20
O P 20
Transcribed Image Text:A roulette wheel has thirty slots consisting of two blue, eight white, and twenty red slots. You will receive P100 if the roulette stops spinning on a blue slot, P50 on a white slot, and nothing on a red slot. Compute the fair price for this roulette-spinning game. O P 15 O - P 20 O P 20
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