EBK LINEAR ALGEBRA AND ITS APPLICATIONS
EBK LINEAR ALGEBRA AND ITS APPLICATIONS
6th Edition
ISBN: 9780135851043
Author: Lay
Publisher: PEARSON CO
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Chapter 9.1, Problem 1E

Player R has a supply of dimes and quarters. Player R chooses one of the coins, and player C must guess which coin R has chosen. If the guess is correct, C takes the coin. If the guess is incorrect, C gives R an amount equal to R’s chosen coin.

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Assume that the pond contains 90 fish: 76 orange, 13 blue, and 1 green. A contestant pays $0.55 to randomly catch one fish and receives $0.20 if the fish is orange, $1.20 if the fish is blue, and $12.00 if the fish is green. How much (on average) does the carnival gain on each play? (If the carnival loses money, enter a negative dollar amount)
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