A group of students has a bag of candy. There are 3 Snickers bars, 2 Butterfingers, and 4 Baby Ruths. The game costs $1 to play. If a student chooses a Butterfinger, they get $2. If they choose anything else, they get $0.

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D
A group of students has a bag of candy. There are 3 Snickers bars, 2
Butterfingers, and 4 Baby Ruths. The game costs $1 to play. If a student
chooses a Butterfinger, they get $2. If they choose anything else, they get $0.
a. Complete the table below to determine the value of the game to the
player. List probabilities in the form of a fraction.
(Hint: remember that students pay $1 in order to play the game).
Outcome
Value (x)
P(x)
4
Butterfinger
$
Not a
Butterfinger
E(X) = $
Ş
b. Compute the expected value of the game to the player. Round your answer
to the nearest cent.
Enter an integer or decimal number [more...]
Check Answer
c. Should players expect to lose or gain money playing the game in the long
run? Explain.
a
X
Get Help
Transcribed Image Text:D A group of students has a bag of candy. There are 3 Snickers bars, 2 Butterfingers, and 4 Baby Ruths. The game costs $1 to play. If a student chooses a Butterfinger, they get $2. If they choose anything else, they get $0. a. Complete the table below to determine the value of the game to the player. List probabilities in the form of a fraction. (Hint: remember that students pay $1 in order to play the game). Outcome Value (x) P(x) 4 Butterfinger $ Not a Butterfinger E(X) = $ Ş b. Compute the expected value of the game to the player. Round your answer to the nearest cent. Enter an integer or decimal number [more...] Check Answer c. Should players expect to lose or gain money playing the game in the long run? Explain. a X Get Help
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