SOLUTION: Hello, Can you please help me. A person spins the pointer and is awarded the amount indicated by the pointer. Circle with left half $2.00 the upper right quarter is $12 and the

Algebra ->  Probability-and-statistics -> SOLUTION: Hello, Can you please help me. A person spins the pointer and is awarded the amount indicated by the pointer. Circle with left half $2.00 the upper right quarter is $12 and the      Log On


   

Question 361980: Hello, Can you please help me.
A person spins the pointer and is awarded the amount indicated by the pointer. Circle with left half $2.00 the upper right quarter is $12 and the lower right quarter is $5.00 and it cost $6 to play the game. I can not post the picture.
• The expectation of a person who plays the game.


• The fair price to play the game.

Show your work for full credit.
Thank you,
Confused

Found 2 solutions by ewatrrr, carolie5:
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!


Hi

how many spaces on the wheel are there?

Answer by carolie5(1) About Me  (Show Source):
You can put this solution on YOUR website!
The person would expect to win back part of their money on each spin.
($2.00 x 2/4) + ($12 x 1/4) + ($5 x 1/4)
$1 + $3 + $1.25 = $5.25 is a fair price to play the game