Many casinos have a game called the Big Six Money Wheel, which has 54 slots in which are displayed a Joker, the casino logo, and various dollar amounts, as shown in the table below. Denomination $40 (Joker) $40 (Casino logo) $20 $10 $5 $2 $1 Number of slots 1 1 2 4 7 15 24 Players may bet on the Joker, the casino logo, or one or more dollar denominations. The wheel is spun and if the wheel stops on the same place as the player's bet, the plat wins that amount for each dollar bet. If a player bets $4 on the $10 denomination, find the player's expectation. (Round your answer to two decimal places.)

Many casinos have a game called the Big Six Money Wheel, which has 54 slots in which are displayed a Joker, the casino logo, and various dollar amounts, as shown in the table below. Denomination $40 (Joker) $40 (Casino logo) $20 $10 $5 $2 $1 Number of slots 1 1 2 4 7 15 24 Players may bet on the Joker, the casino logo, or one or more dollar denominations. The wheel is spun and if the wheel stops on the same place as the player's bet, the plat wins that amount for each dollar bet. If a player bets $4 on the $10 denomination, find the player's expectation. (Round your answer to two decimal places.)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter0: Preparing For Algebra

Section0.11: Simple Probability And Odds

Problem 18E

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Transcribed Image Text:Many casinos have a game called the Big Six Money Wheel, which has 54 slots in which are displayed a Joker, the casino logo, and various dollar amounts, as shown in the table below. Denomination $40 (Joker) $40 (Casino logo) $20 $10 $5 $2 $1 Number of slots 1 1 2 4 7 15 24 Players may bet on the Joker, the casino logo, or one or more dollar denominations. The wheel is spun and if the wheel stops on the same place as the player's bet, the player wins that amount for each dollar bet. If a player bets $4 on the $10 denomination, find the player's expectation. (Round your answer to two decimal places.)

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