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(a) Find the expected value of playing the game. O dollars |(b) What can Jina expect in the long run, after playing the game many times? Jina can expect to gain money. She can expect to win I dollars per toss. O Jina can expect to lose money. She can expect to lose I dollars per toss. O Jina can expect to break even (neither gain nor lose money).

(a) Find the expected value of playing the game. O dollars |(b) What can Jina expect in the long run, after playing the game many times? Jina can expect to gain money. She can expect to win I dollars per toss. O Jina can expect to lose money. She can expect to lose I dollars per toss. O Jina can expect to break even (neither gain nor lose money).

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Jina is playing a game of chance in which she tosses a dart into a rotating dartboard with 8 equal-sized slices numbered 1 through 8. The dart lands on a numbered slice at random. This game is this: Jina tosses the dart once. She wins $1 if the dart lands in slice 1, $2 if the dart lands in slice 2, $5 if the dart lands in slice 3, and $8 if the dart lands in slice 4. She loses $2.50 if the dart lands in slices 5, 6, 7, or 8. (If necessary, consult a list of formulas.) (a) Find the expected value of playing the game. || dollars (b) What can Jina expect in the long run, after playing the game many times? O Jina can expect to gain money. She can expect to win | dollars per toss. O Jina can expect to lose money. She can expect to lose | dollars per toss. O Jina can expect to break even (neither gain nor lose money).
Transcribed Image Text:Jina is playing a game of chance in which she tosses a dart into a rotating dartboard with 8 equal-sized slices numbered 1 through 8. The dart lands on a numbered slice at random. This game is this: Jina tosses the dart once. She wins $1 if the dart lands in slice 1, $2 if the dart lands in slice 2, $5 if the dart lands in slice 3, and $8 if the dart lands in slice 4. She loses $2.50 if the dart lands in slices 5, 6, 7, or 8. (If necessary, consult a list of formulas.) (a) Find the expected value of playing the game. || dollars (b) What can Jina expect in the long run, after playing the game many times? O Jina can expect to gain money. She can expect to win | dollars per toss. O Jina can expect to lose money. She can expect to lose | dollars per toss. O Jina can expect to break even (neither gain nor lose money).
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