SOLUTION: A person spins the pointer on a game and is awarded the amount indicated by the pointer for blue recieves $2.00, green recieves $ 8.00 and yellow recieves $ 12.00. It costs $6.00 t
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Question 557661: A person spins the pointer on a game and is awarded the amount indicated by the pointer for blue recieves $2.00, green recieves $ 8.00 and yellow recieves $ 12.00. It costs $6.00 to play the game. Determine the expectation of the person playing the game and the fair price to play the game.
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
A person spins the pointer on a game and is awarded the amount indicated by the pointer for blue recieves $2.00, green recieves $ 8.00 and yellow recieves $ 12.00. It costs $6.00 to play the game. Determine the expectation of the person playing the game and the fair price to play the game.
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What is the probability of blue, or green, and of yellow?
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