o raise money for the local Veterans Affairs hospital, your friend organizes a fundraiser, inviting you to play a two-stage game where you pay $8 to play. The game works as follows: a fair 8-sided die is rolled, noting the number shown, and a spinner divided into 4 equal regions of different colors (blue, red, green, orange) is spun, noting the color. If the die shows 3 or the spinner shows orange, then you win $21. If the die shows an even number and the spinner does not show orange, then you win $9. Otherwise, you do not win anything. Let X be your net winnings. (a) Create a probability distribution for X. Enter the possible values of X in ascending order from left to right. All probabilities should be exact. X P(X) (b) Compute your expected net winnings for the game. Round your answer to the nearest cent. $ (c) Is this game fair? Yes No
o raise money for the local Veterans Affairs hospital, your friend organizes a fundraiser, inviting you to play a two-stage game where you pay $8 to play. The game works as follows: a fair 8-sided die is rolled, noting the number shown, and a spinner divided into 4 equal regions of different colors (blue, red, green, orange) is spun, noting the color. If the die shows 3 or the spinner shows orange, then you win $21. If the die shows an even number and the spinner does not show orange, then you win $9. Otherwise, you do not win anything. Let X be your net winnings. (a) Create a probability distribution for X. Enter the possible values of X in ascending order from left to right. All probabilities should be exact. X P(X) (b) Compute your expected net winnings for the game. Round your answer to the nearest cent. $ (c) Is this game fair? Yes No
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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To raise money for the local Veterans Affairs hospital, your friend organizes a fundraiser, inviting you to play a two-stage game where you pay $8 to play. The game works as follows: a fair 8-sided die is rolled, noting the number shown, and a spinner divided into 4 equal regions of different colors (blue, red, green, orange) is spun, noting the color. If the die shows 3 or the spinner shows orange, then you win $21. If the die shows an even number and the spinner does not show orange, then you win $9. Otherwise, you do not win anything.
Let X be your net winnings.
(a)
Create a probability distribution for X. Enter the possible values of X in ascending order from left to right. All probabilities should be exact.
| X | |||
|---|---|---|---|
| P(X) |
(b)
Compute your expected net winnings for the game. Round your answer to the nearest cent.
$
(c)
Is this game fair?
Yes No
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