PRECALCULUS:GRAPHICAL,...-NASTA ED.
PRECALCULUS:GRAPHICAL,...-NASTA ED.
10th Edition
ISBN: 9780134672090
Author: Demana
Publisher: PEARSON
Expert Solution & Answer
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Chapter 10.4, Problem 10E
Solution

To determine: The expected value and find it is a wise idea to play this game.

The expected value is −$1.50 and it is not a wise idea to play this game

Given information:

4 of the 8 sectors yield has no pay-outs.

3 of the 8 sectors yield a pay-out of $6.

1 of the 8 sectors pays $10.

Formula used:

  P=ES   ...... (1)

Here, E is the favourable outcomes and S is the total possible outcomes.

Calculation:

Since, To pay the $5 for spin the spinner once.

4 of the 8 sectors yield a payoff of $0-$5 = -$5.

Substitute 4 for E and 8 for S in equation (1)

  P−$5=48

3 of the 8 sectors yield a payoff of $6-$5 = $1.

Substitute 4 for E and 8 for S in equation (1)

  P$1=38

1 of the 8 sectors yield a payoff of $10-$5 = $5.

Substitute 4 for E and 8 for S in equation (1)

  P$5=18

The expected value (or mean) is the sum of the product of each possibility x with its probability P(x):

  μ=∑xPx

  μ=−$5×48+$1×38+$5×18=−$208+$38+$58=−$128=−$1.50

Hence, it is not a wise idea to play this game because the expected value is negative.

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Chapter 10.4, Problem 9E
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Chapter 10.4, Problem 11E

Chapter 10 Solutions

PRECALCULUS:GRAPHICAL,...-NASTA ED.

Ch. 10.1 - Prob. 1QRCh. 10.1 - Prob. 2QRCh. 10.1 - Prob. 3QRCh. 10.1 - Prob. 4QRCh. 10.1 - Prob. 5QRCh. 10.1 - Prob. 6QRCh. 10.1 - Prob. 7QRCh. 10.1 - Prob. 8QRCh. 10.1 - Prob. 9QRCh. 10.1 - Prob. 10QR
Ch. 10.1 - Prob. 1ECh. 10.1 - Prob. 2ECh. 10.1 - Prob. 3ECh. 10.1 - Prob. 4ECh. 10.1 - Prob. 5ECh. 10.1 - Prob. 6ECh. 10.1 - Prob. 7ECh. 10.1 - Prob. 8ECh. 10.1 - Prob. 9ECh. 10.1 - Prob. 10ECh. 10.1 - Prob. 11ECh. 10.1 - Prob. 12ECh. 10.1 - Prob. 13ECh. 10.1 - Prob. 14ECh. 10.1 - Prob. 15ECh. 10.1 - Prob. 16ECh. 10.1 - Prob. 17ECh. 10.1 - Prob. 18ECh. 10.1 - Prob. 19ECh. 10.1 - Prob. 20ECh. 10.1 - Prob. 21ECh. 10.1 - Prob. 22ECh. 10.1 - Prob. 23ECh. 10.1 - Prob. 24ECh. 10.1 - Prob. 25ECh. 10.1 - Prob. 26ECh. 10.1 - Prob. 27ECh. 10.1 - Prob. 28ECh. 10.1 - Prob. 29ECh. 10.1 - Prob. 30ECh. 10.1 - Prob. 31ECh. 10.1 - Prob. 32ECh. 10.1 - Prob. 33ECh. 10.1 - Prob. 34ECh. 10.1 - Prob. 35ECh. 10.1 - Prob. 36ECh. 10.1 - Prob. 37ECh. 10.1 - Prob. 38ECh. 10.1 - Prob. 39ECh. 10.1 - Prob. 40ECh. 10.1 - Prob. 41ECh. 10.1 - Prob. 42ECh. 10.1 - Prob. 43ECh. 10.1 - Prob. 44ECh. 10.1 - Prob. 45ECh. 10.1 - Prob. 46ECh. 10.1 - Prob. 47ECh. 10.1 - Prob. 48ECh. 10.1 - Prob. 49ECh. 10.1 - Prob. 50ECh. 10.1 - Prob. 51ECh. 10.1 - Prob. 52ECh. 10.1 - Prob. 53ECh. 10.1 - Prob. 54ECh. 10.1 - Prob. 55ECh. 10.1 - Prob. 56ECh. 10.1 - Prob. 57ECh. 10.1 - Prob. 58ECh. 10.1 - Prob. 59ECh. 10.1 - Prob. 60ECh. 10.1 - Prob. 61ECh. 10.1 - Prob. 62ECh. 10.2 - Prob. 1QRCh. 10.2 - Prob. 2QRCh. 10.2 - Prob. 3QRCh. 10.2 - Prob. 4QRCh. 10.2 - Prob. 5QRCh. 10.2 - Prob. 6QRCh. 10.2 - Prob. 7QRCh. 10.2 - Prob. 8QRCh. 10.2 - Prob. 9QRCh. 10.2 - Prob. 10QRCh. 10.2 - Prob. 1ECh. 10.2 - Prob. 2ECh. 10.2 - Prob. 3ECh. 10.2 - Prob. 4ECh. 10.2 - Prob. 5ECh. 10.2 - Prob. 6ECh. 10.2 - Prob. 7ECh. 10.2 - Prob. 8ECh. 10.2 - Prob. 9ECh. 10.2 - Prob. 10ECh. 10.2 - Prob. 11ECh. 10.2 - Prob. 12ECh. 10.2 - Prob. 13ECh. 10.2 - Prob. 14ECh. 10.2 - Prob. 15ECh. 10.2 - Prob. 16ECh. 10.2 - Prob. 17ECh. 10.2 - Prob. 18ECh. 10.2 - Prob. 19ECh. 10.2 - Prob. 20ECh. 10.2 - Prob. 21ECh. 10.2 - Prob. 22ECh. 10.2 - Prob. 23ECh. 10.2 - Prob. 24ECh. 10.2 - Prob. 25ECh. 10.2 - Prob. 26ECh. 10.2 - Prob. 27ECh. 10.2 - Prob. 28ECh. 10.2 - Prob. 29ECh. 10.2 - Prob. 30ECh. 10.2 - Prob. 31ECh. 10.2 - Prob. 32ECh. 10.2 - Prob. 33ECh. 10.2 - Prob. 34ECh. 10.2 - Prob. 35ECh. 10.2 - Prob. 36ECh. 10.2 - Prob. 37ECh. 10.2 - Prob. 38ECh. 10.2 - Prob. 39ECh. 10.2 - Prob. 40ECh. 10.2 - Prob. 41ECh. 10.2 - Prob. 42ECh. 10.2 - Prob. 43ECh. 10.2 - Prob. 44ECh. 10.2 - Prob. 45ECh. 10.2 - Prob. 46ECh. 10.2 - Prob. 47ECh. 10.2 - Prob. 48ECh. 10.3 - Prob. 1QRCh. 10.3 - Prob. 2QRCh. 10.3 - Prob. 3QRCh. 10.3 - Prob. 4QRCh. 10.3 - Prob. 5QRCh. 10.3 - Prob. 6QRCh. 10.3 - Prob. 7QRCh. 10.3 - Prob. 8QRCh. 10.3 - Prob. 9QRCh. 10.3 - Prob. 10QRCh. 10.3 - Prob. 1ECh. 10.3 - Prob. 2ECh. 10.3 - Prob. 3ECh. 10.3 - Prob. 4ECh. 10.3 - Prob. 5ECh. 10.3 - Prob. 6ECh. 10.3 - Prob. 7ECh. 10.3 - Prob. 8ECh. 10.3 - Prob. 9ECh. 10.3 - Prob. 10ECh. 10.3 - Prob. 11ECh. 10.3 - Prob. 12ECh. 10.3 - Prob. 13ECh. 10.3 - Prob. 14ECh. 10.3 - Prob. 15ECh. 10.3 - Prob. 16ECh. 10.3 - Prob. 17ECh. 10.3 - Prob. 18ECh. 10.3 - Prob. 19ECh. 10.3 - Prob. 20ECh. 10.3 - Prob. 21ECh. 10.3 - Prob. 22ECh. 10.3 - Prob. 23ECh. 10.3 - Prob. 24ECh. 10.3 - Prob. 25ECh. 10.3 - Prob. 26ECh. 10.3 - Prob. 27ECh. 10.3 - Prob. 28ECh. 10.3 - Prob. 29ECh. 10.3 - Prob. 30ECh. 10.3 - Prob. 31ECh. 10.3 - Prob. 32ECh. 10.3 - Prob. 33ECh. 10.3 - Prob. 34ECh. 10.3 - Prob. 35ECh. 10.3 - Prob. 36ECh. 10.3 - Prob. 37ECh. 10.3 - Prob. 38ECh. 10.3 - Prob. 39ECh. 10.3 - Prob. 40ECh. 10.3 - Prob. 41ECh. 10.3 - Prob. 42ECh. 10.3 - Prob. 43ECh. 10.3 - Prob. 44ECh. 10.3 - Prob. 45ECh. 10.3 - Prob. 46ECh. 10.3 - Prob. 47ECh. 10.3 - Prob. 48ECh. 10.3 - Prob. 49ECh. 10.3 - Prob. 50ECh. 10.3 - Prob. 51ECh. 10.3 - Prob. 52ECh. 10.3 - Prob. 53ECh. 10.3 - Prob. 54ECh. 10.3 - Prob. 55ECh. 10.3 - Prob. 56ECh. 10.3 - Prob. 57ECh. 10.3 - Prob. 58ECh. 10.3 - Prob. 59ECh. 10.3 - Prob. 60ECh. 10.4 - Prob. 1QRCh. 10.4 - Prob. 2QRCh. 10.4 - Prob. 3QRCh. 10.4 - Prob. 4QRCh. 10.4 - Prob. 5QRCh. 10.4 - Prob. 6QRCh. 10.4 - Prob. 7QRCh. 10.4 - Prob. 8QRCh. 10.4 - Prob. 9QRCh. 10.4 - Prob. 10QRCh. 10.4 - Prob. 1ECh. 10.4 - Prob. 2ECh. 10.4 - Prob. 3ECh. 10.4 - Prob. 4ECh. 10.4 - Prob. 5ECh. 10.4 - Prob. 6ECh. 10.4 - Prob. 7ECh. 10.4 - Prob. 8ECh. 10.4 - Prob. 9ECh. 10.4 - Prob. 10ECh. 10.4 - Prob. 11ECh. 10.4 - Prob. 12ECh. 10.4 - Prob. 13ECh. 10.4 - Prob. 14ECh. 10.4 - Prob. 15ECh. 10.4 - Prob. 16ECh. 10.4 - Prob. 17ECh. 10.4 - Prob. 18ECh. 10.4 - Prob. 19ECh. 10.4 - Prob. 20ECh. 10.4 - Prob. 21ECh. 10.4 - Prob. 22ECh. 10.4 - Prob. 23ECh. 10.4 - Prob. 24ECh. 10.4 - Prob. 25ECh. 10.4 - Prob. 26ECh. 10.4 - Prob. 27ECh. 10.4 - Prob. 28ECh. 10.4 - Prob. 29ECh. 10.4 - Prob. 30ECh. 10.4 - Prob. 31ECh. 10.4 - Prob. 32ECh. 10.4 - Prob. 33ECh. 10.4 - Prob. 34ECh. 10.4 - Prob. 35ECh. 10.4 - Prob. 36ECh. 10.4 - Prob. 37ECh. 10.4 - Prob. 38ECh. 10.4 - Prob. 39ECh. 10.4 - Prob. 40ECh. 10.4 - Prob. 41ECh. 10.4 - Prob. 42ECh. 10.4 - Prob. 43ECh. 10.4 - Prob. 44ECh. 10.4 - Prob. 45ECh. 10.4 - Prob. 46ECh. 10.4 - Prob. 47ECh. 10.4 - Prob. 48ECh. 10.4 - Prob. 49ECh. 10.4 - Prob. 50ECh. 10.4 - Prob. 51ECh. 10.4 - Prob. 52ECh. 10.4 - Prob. 53ECh. 10.4 - Prob. 54ECh. 10.4 - Prob. 55ECh. 10.4 - Prob. 56ECh. 10.5 - Prob. 1QRCh. 10.5 - Prob. 2QRCh. 10.5 - Prob. 3QRCh. 10.5 - Prob. 4QRCh. 10.5 - Prob. 5QRCh. 10.5 - Prob. 6QRCh. 10.5 - Prob. 7QRCh. 10.5 - Prob. 8QRCh. 10.5 - Prob. 9QRCh. 10.5 - Prob. 10QRCh. 10.5 - Prob. 1ECh. 10.5 - Prob. 2ECh. 10.5 - Prob. 3ECh. 10.5 - Prob. 4ECh. 10.5 - Prob. 5ECh. 10.5 - Prob. 6ECh. 10.5 - Prob. 7ECh. 10.5 - Prob. 8ECh. 10.5 - Prob. 9ECh. 10.5 - Prob. 10ECh. 10.5 - Prob. 11ECh. 10.5 - Prob. 12ECh. 10.5 - Prob. 13ECh. 10.5 - Prob. 14ECh. 10.5 - Prob. 15ECh. 10.5 - Prob. 16ECh. 10.5 - Prob. 17ECh. 10.5 - Prob. 18ECh. 10.5 - Prob. 19ECh. 10.5 - Prob. 20ECh. 10.5 - Prob. 21ECh. 10.5 - Prob. 22ECh. 10.5 - Prob. 23ECh. 10.5 - Prob. 24ECh. 10.5 - Prob. 25ECh. 10.5 - Prob. 26ECh. 10.5 - Prob. 27ECh. 10.5 - Prob. 28ECh. 10.5 - Prob. 29ECh. 10.5 - Prob. 30ECh. 10.5 - Prob. 31ECh. 10.5 - Prob. 32ECh. 10.5 - Prob. 33ECh. 10.5 - Prob. 34ECh. 10.5 - Prob. 35ECh. 10.5 - Prob. 36ECh. 10.5 - Prob. 37ECh. 10.5 - Prob. 38ECh. 10.5 - Prob. 39ECh. 10.5 - Prob. 40ECh. 10.5 - Prob. 41ECh. 10.5 - Prob. 42ECh. 10.5 - Prob. 43ECh. 10.5 - Prob. 44ECh. 10.5 - Prob. 45ECh. 10.5 - Prob. 46ECh. 10.5 - Prob. 47ECh. 10.5 - Prob. 48ECh. 10.5 - Prob. 49ECh. 10.5 - Prob. 50ECh. 10.5 - Prob. 51ECh. 10.5 - Prob. 52ECh. 10.5 - Prob. 55ECh. 10.5 - Prob. 56ECh. 10.5 - Prob. 59ECh. 10.5 - Prob. 60ECh. 10 - Prob. 1RECh. 10 - Prob. 2RECh. 10 - Prob. 3RECh. 10 - Prob. 4RECh. 10 - Prob. 5RECh. 10 - Prob. 6RECh. 10 - Prob. 7RECh. 10 - Prob. 8RECh. 10 - Prob. 9RECh. 10 - Prob. 10RECh. 10 - Prob. 11RECh. 10 - Prob. 12RECh. 10 - Prob. 13RECh. 10 - Prob. 14RECh. 10 - Prob. 15RECh. 10 - Prob. 16RECh. 10 - Prob. 17RECh. 10 - Prob. 18RECh. 10 - Prob. 19RECh. 10 - Prob. 20RECh. 10 - Prob. 21RECh. 10 - Prob. 22RECh. 10 - Prob. 23RECh. 10 - Prob. 24RECh. 10 - Prob. 25RECh. 10 - Prob. 26RECh. 10 - Prob. 27RECh. 10 - Prob. 28RECh. 10 - Prob. 29RECh. 10 - Prob. 30RECh. 10 - Prob. 31RECh. 10 - Prob. 32RECh. 10 - Prob. 33RECh. 10 - Prob. 34RECh. 10 - Prob. 35RECh. 10 - Prob. 36RECh. 10 - Prob. 37RECh. 10 - Prob. 38RECh. 10 - Prob. 39RECh. 10 - Prob. 40RECh. 10 - Prob. 41RECh. 10 - Prob. 42RECh. 10 - Prob. 43RECh. 10 - Prob. 44RECh. 10 - Prob. 45RECh. 10 - Prob. 46RECh. 10 - Prob. 47RECh. 10 - Prob. 48RECh. 10 - Prob. 49RECh. 10 - Prob. 50RECh. 10 - Prob. 51RECh. 10 - Prob. 52RECh. 10 - Prob. 53RECh. 10 - Prob. 54RECh. 10 - Prob. 55RECh. 10 - Prob. 56RECh. 10 - Prob. 57RECh. 10 - Prob. 58RECh. 10 - Prob. 59RECh. 10 - Prob. 60RECh. 10 - Prob. 61RECh. 10 - Prob. 62RECh. 10 - Prob. 63RECh. 10 - Prob. 64RECh. 10 - Prob. 65RECh. 10 - Prob. 66RECh. 10 - Prob. 67RECh. 10 - Prob. 68RECh. 10 - Prob. 69RECh. 10 - Prob. 70RECh. 10 - Prob. 71RECh. 10 - Prob. 72RE
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