document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=442227>Question 442227</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Can someone please help I have been out of school for 13 years. I need this ASAP for my homework and I am very stuck and not good at math. Please help!!!!!!!\r<BR>\n" );
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document.write( "A person spins the pointer and is awarded the amount indicated by the pointer. Circle with the left half $2.00 and the upper right half of the circle is $10.00 and the lower right half is $15.00. The pointer is in the upper left half of the circle. There are only 3 spaces on the circle. <BR>\n" );
document.write( "It costs $ 10 to play the game. Determine: \r<BR>\n" );
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document.write( "The expectation of a person who plays the game. \r<BR>\n" );
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document.write( "The fair price to play the game. \r<BR>\n" );
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document.write( "Show your work for full credit.<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #305000 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=305000\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A person spins the pointer and is awarded the amount indicated by the pointer. Circle with the left half $2.00 and the upper right half of the circle is $10.00 and the lower right half is $15.00. The pointer is in the upper left half of the circle. There are only 3 spaces on the circle.  <BR>\n" );
document.write( "It costs $ 10 to play the game. Determine: <BR>\n" );
document.write( "The expectation of a person who plays the game.<BR>\n" );
document.write( "Random \"gain\" to the player given that it costs $10 to pay: -8 ; 0 ; 5 <BR>\n" );
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document.write( "Corresponding probabilities for these \"gains\": (1/2) ; (1/4) ; (1/4)<BR>\n" );
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document.write( "Expected \"gain\" to player = (1/2)(-8)+ (1/4)*0 +(1/4)*5 = -4+1.25 = -2.75<BR>\n" );
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document.write( "The fair price to play the game.<BR>\n" );
document.write( "fp = 10.00-2.75 = $7.75<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H. <BR>\n" );
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