The spinner on a wheel of fortune can land with an equal chance on any one of ten regions .These regions are red, four are blue, two are yellow, and on eis green. A player wins $2 if the spinner stops on red and $2 if it stops on green. The player loses $1 if it stops on blue and $2 if it stops on yellow. ______ a. What is the expected value?
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
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The spinner on a wheel of fortune can land with an equal chance on any one of ten regions .These regions are red, four are blue, two are yellow, and on eis green. A player wins $2 if the spinner stops on red and $2 if it stops on green. The player loses $1 if it stops on blue and $2 if it stops on yellow.
______
a. What is the expected value?
$_____ (Round to the nearest cent.)
B . What does this value mean if the game is played ten times?
A. Over 10 games, the player can expect to break even,
B. Mor than 10 games need to be played for the expected value to be a reasonable estimate of expected winnings.
C. over the 10 games , the player can expect to lose money .
D. Over 10 games , the player can expect to win money.
(choose the best answer)
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