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elipe has a bag with 8 balls numbered 1 through 8. He is playing a game of chance. This game is this: Felipe chooses one ball from the bag at random. He wins $1 if the number 1 is selected, $2 if the number 2 is selected, $5 if the number 3 is selected, $6 if the number 4 is selected, $8 if the number 5 is selected, and $10 if the number 6 is selected. He loses $13 if 7 or 8 is selected. (If necessary, consult a list of formulas.) (a) Find the expected value of playing the game. dollars (b) What can Felipe expect in the long run, after playing the game many times? (He replaces the ball in the bag each time.) O Felipe can expect to gain money. He can expect to win dollars per selection. O Felipe can expect to lose money. He can expect to lose dollars per selection. O Felipe can expect to break even (neither gain nor lose money).

elipe has a bag with 8 balls numbered 1 through 8. He is playing a game of chance. This game is this: Felipe chooses one ball from the bag at random. He wins $1 if the number 1 is selected, $2 if the number 2 is selected, $5 if the number 3 is selected, $6 if the number 4 is selected, $8 if the number 5 is selected, and $10 if the number 6 is selected. He loses $13 if 7 or 8 is selected. (If necessary, consult a list of formulas.) (a) Find the expected value of playing the game. dollars (b) What can Felipe expect in the long run, after playing the game many times? (He replaces the ball in the bag each time.) O Felipe can expect to gain money. He can expect to win dollars per selection. O Felipe can expect to lose money. He can expect to lose dollars per selection. O Felipe can expect to break even (neither gain nor lose money).

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.8: Probabilities Of Disjoint And Overlapping Events
Problem 2C
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Felipe has a bag with 8 balls numbered 1 through 8. He is playing a game of chance. This game is this: Felipe chooses one ball from the bag at random. He wins $1 if the number 1 is selected, $2 if the number 2 is selected, $5 if the number 3 is selected, $6 if the number 4 is selected, $8 if the number 5 is selected, and $10 if the number 6 is selected. He loses $13 if 7 or 8 is selected. (If necessary, consult a list of formulas.) (a) Find the expected value of playing the game. | dollars (b) What can Felipe expect in the long run, after playing the game many times? (He replaces the ball in the bag each time.) O Felipe can expect to gain money. He can expect to win dollars per selection. O Felipe can expect to lose money, He can expect to lose || dollars per selection. O Felipe can expect to break even (neither gain nor lose money). 02021 McGraw Hill LLC. All Rights Reserved. Terms of Use | Privacy Center Accessibility 86 F Submit I Don't Know 2:
Transcribed Image Text:Felipe has a bag with 8 balls numbered 1 through 8. He is playing a game of chance. This game is this: Felipe chooses one ball from the bag at random. He wins $1 if the number 1 is selected, $2 if the number 2 is selected, $5 if the number 3 is selected, $6 if the number 4 is selected, $8 if the number 5 is selected, and $10 if the number 6 is selected. He loses $13 if 7 or 8 is selected. (If necessary, consult a list of formulas.) (a) Find the expected value of playing the game. | dollars (b) What can Felipe expect in the long run, after playing the game many times? (He replaces the ball in the bag each time.) O Felipe can expect to gain money. He can expect to win dollars per selection. O Felipe can expect to lose money, He can expect to lose || dollars per selection. O Felipe can expect to break even (neither gain nor lose money). 02021 McGraw Hill LLC. All Rights Reserved. Terms of Use | Privacy Center Accessibility 86 F Submit I Don't Know 2:
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