A carnival game costs $1 to spin a wheel and the wheel has 60 equal sectors, which are labeled: 1 sector-win $20. 2 sectors-win $10 3 sectors-win $5 54 sectors-No prize, play again Find the expected payout of the game and the standard deviation.

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
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A carnival game costs $1 to spin a wheel and the wheel has 60 equal sectors, which are labeled:

1 sector-win $20.

2 sectors-win $10

3 sectors-win $5

54 sectors-No prize, play again

Find the expected payout of the game and the standard deviation.  



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