Aunt Zena has gone to the weekend fair that her nephew's school is running. The school is trying to raise funds so they can offer some special classes. One of the games that Aunt Zena likes is a ring toss. The goal is to toss a large ring so that it lands on a stick. Each time Aunt Zena succeeds, she wins a coupon, donated by a local restaurant, for a free dinner. She figures that the coupon is worth about $12. It costs Aunt Zena $1 for each toss. 1. On Saturday when Aunt Zena played this game, she was only able to win about once every 20 tries. (She spent most of the afternoon at the ring toss booth.) If she continued like this, would she win or lose money in the long run? (You should consider each coupon she wins as the equivalent of $12.) What would be her expected value per toss? 2. Aunt Zena went home that night, determined to do better the next day. She practiced and practiced, and Sunday she went back to the fair. Now she was able to win about once every ten tries. If she continued like this, would she win or lose money in the long run? What would be her expected value per toss?
Aunt Zena has gone to the weekend fair that her nephew's school is running. The school is trying to raise funds so they can offer some special classes. One of the games that Aunt Zena likes is a ring toss. The goal is to toss a large ring so that it lands on a stick. Each time Aunt Zena succeeds, she wins a coupon, donated by a local restaurant, for a free dinner. She figures that the coupon is worth about $12. It costs Aunt Zena $1 for each toss. 1. On Saturday when Aunt Zena played this game, she was only able to win about once every 20 tries. (She spent most of the afternoon at the ring toss booth.) If she continued like this, would she win or lose money in the long run? (You should consider each coupon she wins as the equivalent of $12.) What would be her expected value per toss? 2. Aunt Zena went home that night, determined to do better the next day. She practiced and practiced, and Sunday she went back to the fair. Now she was able to win about once every ten tries. If she continued like this, would she win or lose money in the long run? What would be her expected value per toss?
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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Answer #1, please. Thank you! Show all work, clearly thanks!
Transcribed Image Text:Aunt Zena has gone to the weekend fair that her nephew's school is running. The school
is trying to raise funds so they can offer some special classes.
One of the games that Aunt Zena likes is a ring toss. The goal is to toss a large ring so
that it lands on a stick.
Each time Aunt Zena succeeds, she wins a coupon, donated by a local restaurant, for a
free dinner. She figures that the coupon is worth about $12. It costs Aunt Zena $1 for
each toss.
1. On Saturday when Aunt Zena played this game, she was only able to win about
once every 20 tries. (She spent most of the afternoon at the ring toss booth.)
If she continued like this, would she win or lose money in the long run?
(You should consider each coupon she wins as the equivalent of $12.)
What would be her expected value per toss?
2. Aunt Zena went home that night, determined to do better the next day. She
practiced and practiced, and Sunday she went back to the fair. Now she was
able to win about once every ten tries.
If she continued like this, would she win or lose money in the long run? What
would be her expected value per toss?
Expert Solution
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Given information:
The amount of the winning coupon is $12 and the cost of each toss is $1.
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