SOLUTION: Can you please help me with this probability question...
A person spins the pointer and is awarded the amount indicated by the pointer.
It costs $5 to play the game. The diagram
Algebra.Com
Question 563757: Can you please help me with this probability question...
A person spins the pointer and is awarded the amount indicated by the pointer.
It costs $5 to play the game. The diagram shows a circle divided into 3 parts. The pointer points to the 1/2 section marked $2. The 1/4 section is marked $20, and the other 1/4 section is marked $5.
Determine:
The expectation of a person who plays the game.
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 and is awarded the amount indicated by the pointer.
It costs $5 to play the game. The diagram shows a circle divided into 3 parts. The pointer points to the 1/2 section marked $2. The 1/4 section is marked $20, and the other 1/4 section is marked $5.
Determine:
The expectation of a person who plays the game.
E(x) = (1/2)2 + (1/4)20 + (1/4)5 = 1 + 5 + 5/4 = $7.25
------
The fair price to play the game.::$7.25
=============================================
Cheers,
Stan H.
RELATED QUESTIONS
Hello, Can you please help me.
A person spins the pointer and is awarded the amount... (answered by ewatrrr,carolie5)
Assume that a person spins the pointer and is awarded the amount indicated by the pointer (answered by lynnlo)
Hello ewatrrr(965)
There are only 3 space on the wheel 1/2 in blue value $2.00 and the... (answered by daznino)
Hello, Can someone please review my answer to the following question. Please help me.... (answered by stanbon)
. A person spins the pointer and is awarded the amount indicated by the pointer. pointer... (answered by stanbon)
Can someone please help I have been out of school for 13 years. I need this ASAP for my... (answered by stanbon)
A person spins the pointer on a game and is awarded the amount indicated by the pointer... (answered by stanbon)
Need help with this one today guys...like as soon as possible
A person spins the ponter... (answered by stanbon)
assume that a person spins the pointer and is awarded the amount indicated by the... (answered by stanbon)