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Raina is playing a game in which she spins a spinner with 6 equal-sized slices numbered 1 through 6. The spinner Stops This game is this: Raina spins the spinner once. She wins $1 if the spinner stops on the number 1, $3 if the spinner stops on the number 2, $5 if the spinner stops on the number 3, and $7 if the spinner stops on the number 4. She loses $8 if the spinner stops on 5 or 6. (If necessary, consult a list of formulas.) (a) Find the expected value of playing the game. dollars (b) What can Raina expect in the long run, after playing the game many times? O Raina can expect to gain money. She can expect to win O Raina can expect to lose She can expect to lose dollars per spin. money. dollars per spin.

Raina is playing a game in which she spins a spinner with 6 equal-sized slices numbered 1 through 6. The spinner Stops This game is this: Raina spins the spinner once. She wins $1 if the spinner stops on the number 1, $3 if the spinner stops on the number 2, $5 if the spinner stops on the number 3, and $7 if the spinner stops on the number 4. She loses $8 if the spinner stops on 5 or 6. (If necessary, consult a list of formulas.) (a) Find the expected value of playing the game. dollars (b) What can Raina expect in the long run, after playing the game many times? O Raina can expect to gain money. She can expect to win O Raina can expect to lose She can expect to lose dollars per spin. money. dollars per spin.

MATLAB: An Introduction with Applications
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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Raina is playing a game in which she spins a spinner with 6 equal-sized slices numbered 1 through 6. The spinner stops on a numbered slice at random. This game is this: Raina spins the spinner once. She wins $1 if the spinner stops on the number 1, $3 if the spinner stops on the number 2, $5 if the spinner stops on the number 3, and $7 if the spinner stops on the number 4. She loses $8 if the spinner stops on 5 or 6. (If necessary, consult a list of formulas.) (a) Find the expected value of playing the game. dollars (b) What can Raina expect in the long run, after playing the game many times? O Raina can expect to gain money. She can expect to win dollars per spin. O Raina can expect to lose money. She can expect to lose dollars per spin. O Raina can expect to break even (neither gain nor lose money). Submit O
Transcribed Image Text:Raina is playing a game in which she spins a spinner with 6 equal-sized slices numbered 1 through 6. The spinner stops on a numbered slice at random. This game is this: Raina spins the spinner once. She wins $1 if the spinner stops on the number 1, $3 if the spinner stops on the number 2, $5 if the spinner stops on the number 3, and $7 if the spinner stops on the number 4. She loses $8 if the spinner stops on 5 or 6. (If necessary, consult a list of formulas.) (a) Find the expected value of playing the game. dollars (b) What can Raina expect in the long run, after playing the game many times? O Raina can expect to gain money. She can expect to win dollars per spin. O Raina can expect to lose money. She can expect to lose dollars per spin. O Raina can expect to break even (neither gain nor lose money). Submit O
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