Mathematics, 18.03.2021 01:10 tee4597
One of the games at the carnival was Spin the Pointer, which uses a spinner like the one pictured here. A carnival ticket that costs $1.00 is required to play the game. For each $1.00 ticket, a player spins the pointer once and receives the amount of money indicated in the sector where the pointer lands on the wheel. The spinner has an equal probability of landing in each of the 8 sectors.
a. Let X represent the profit for the player from one play of the game. Complete the table below for the probability distribution of X.
X -$1.00 $0.00 $4.00
P(X)
b. Find the expected value of the profit for the player from one play of the game. You may handwrite your calculations.
Answers: 2
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