document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=731998>Question 731998</A>: <I><SPAN STYLE=\"word-break: break-all;\"> assume that a person spins the pointer and is awarded the amount indicated by the pointer.If it cost $2.00 to play the game. A)Determine the expectations of a person who plays the game. B)the fair price to play the game.\r<BR>\n" );
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document.write( "The spinner has 1/2$10 1/4$1 1/4$5  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #447425 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=447425\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> assume that a person spins the pointer and is awarded the amount indicated by the pointer.If it cost $2.00 to play the game. A)Determine the expectations of a person who plays the game. B)the fair price to play the game.\r<BR>\n" );
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document.write( "The spinner has 1/2$10 1/4$1 1/4$5 <BR>\n" );
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document.write( "Expected winnings: (1/2)*8 + (1/4)(-1) + (1/4)3<BR>\n" );
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document.write( "= 4 - 1/4 + 3/4<BR>\n" );
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document.write( "= $3.50  (Can expect to win $3.50 each time the game is played)<BR>\n" );
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document.write( "Fair price = cost + expected value = 2+3.50 = $5.50<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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