document.write( "Question 477045: . A person spins the pointer and is awarded the amount indicated by the pointer. pointer landed on $2
\n" ); document.write( "1/2 is $2, 1/4 is $8, 1/4 is $5
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\n" ); document.write( "It costs $6 to play the game. Determine:
\n" ); document.write( "• The expectation of a person who plays the game.\r
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\n" ); document.write( "• The fair price to play the game.
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Algebra.Com's Answer #327050 by stanbon(75887)\"\" \"About 
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A person spins the pointer and is awarded the amount indicated by the pointer. pointer landed on $2
\n" ); document.write( "1/2 is $2, 1/4 is $8, 1/4 is $5\r
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\n" ); document.write( "\n" ); document.write( "It costs $6 to play the game. Determine:
\n" ); document.write( "• The expectation of a person who plays the game.
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\n" ); document.write( "E(gain) = (1/2)2+(1/4)8+(1/4)5-6
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\n" ); document.write( "E(gain) = 1 + 2 + 5/4 - 6
\n" ); document.write( "E(gain) = 4.25 - 6 = -$1.75
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\n" ); document.write( "The player can expect to lose $1.75 each time he plays the game.
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\n" ); document.write( "\n" ); document.write( "• The fair price to play the game.
\n" ); document.write( "The fair price would be $4.25 to play the game.
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\n" ); document.write( "Cheers,
\n" ); document.write( "Stan H.\r
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