Assume that the pond contains 90 fish: 60 yellow, 29 red, and 1 green. A contestant pays $0.65 to randomly catch one fish and receives $0.25 if the fish is yellow, $0.80 if the fish is red, and $12.00 if the fish is green. How much (on average) does the carnival gain on each play? (If the carnival looses money, enter a negative dollar amount)

Assume that the pond contains 90 fish: 60 yellow, 29 red, and 1 green. A contestant pays $0.65 to randomly catch one fish and receives $0.25 if the fish is yellow, $0.80 if the fish is red, and $12.00 if the fish is green. How much (on average) does the carnival gain on each play? (If the carnival looses money, enter a negative dollar amount)

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Question

Rework problem 22 from section 4.3 of your text, involving a carnival fishpond. Assume that the pond contains 90 fish: 60 yellow, 29 red, and 1 green. A contestant pays $0.65 to randomly catch one fish and receives $0.25 if the fish is yellow, $0.80 if the fish is red, and $12.00 if the fish is green.

How much (on average) does the carnival gain on each play? (If the carnival looses money, enter a negative dollar amount)

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