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

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Chapter1: Combinatorial Analysis
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Español
Kaitlin is playing a game in which she spins a spinner with 6 equal-sized slices numbered 1 through 6. The spinner stops on a numbered slice at random.
This game is this: Kaitlin spins the spinner once. She wins $1 if the spinner stops on the number 1, $3 if the spinner stops on the number 2, $5 if the spinner
stops on the number 3, and $7 if the spinner stops on the number 4. She loses $6.50 if the spinner stops on 5 or 6.
(If necessary, consult a list of formulas.)
00
(a) Find the expected value of playing the game.
| dollars
(b) What can Kaitlin expect in the long run, after playing the game many times?
O Kaitlin can expect to gain money.
She can expect to win dollars per spin.
O Kaitlin can expect to lose money.
She can expect to lose dollars per spin.
O Kaitlin can expect to break even (neither gain nor lose money).
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Transcribed Image Text:Español Kaitlin is playing a game in which she spins a spinner with 6 equal-sized slices numbered 1 through 6. The spinner stops on a numbered slice at random. This game is this: Kaitlin spins the spinner once. She wins $1 if the spinner stops on the number 1, $3 if the spinner stops on the number 2, $5 if the spinner stops on the number 3, and $7 if the spinner stops on the number 4. She loses $6.50 if the spinner stops on 5 or 6. (If necessary, consult a list of formulas.) 00 (a) Find the expected value of playing the game. | dollars (b) What can Kaitlin expect in the long run, after playing the game many times? O Kaitlin can expect to gain money. She can expect to win dollars per spin. O Kaitlin can expect to lose money. She can expect to lose dollars per spin. O Kaitlin can expect to break even (neither gain nor lose money). Save For Later Submit Assignment Check 2022 McGraw HilL LLC. AlLRiahts Reserved. Terms of Use Privacy Center Accessibility étv 8 MacBook Air DII F9 F10 F11 F7 FB F6 F4 F2 F3 F1 & @ 23 2$ del 4. 5 7 8 71 2 Y U LL
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