A gambling game involves a spinner with the number 1 through 25. To play, the player guesses
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Question:
A gambling game involves a spinner with the number 1 through 25. To play, the player guesses which numbers the spinner will land on. The table shows the probability of each payout amount (assume that the remaining probability has a payout of 0 so that probabilities add to 1). To the nearest dollar, what is the expected payout of the game?
Payout Amount | $150 | $5000 | $165000 |
Probability | 0.146 | 0.025 | 0.0006 |
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