Ann is playing a game in which she spins a spinner with 6 equal-sized slices numbered...

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Ann is playing a game in which she spins a spinner with 6 equal-sized slices numbered I through 6. The spinner stops on a numbered slice at random. This game is this: Ann spins the spinner once. She wins S1 if the spinner stops on the number 1, $3 if the spinner stops on the number 2, $5 ir the spiner stops on the number 3, and $7 if the spinner stops on the number 4. She loses $1.25 ir the spinner stops on 5 or 6. (a) Find the expected value of playing the game. | dollars (b) What can Ann expect in the long run, after playing the game many times? O Ann can expect to gain money. She can expect to win dollars per spin. O Ann can expect to lose money. She can expect to lose I dollars per spin. Ann can expect to break even (neither gain nor lose money). Ann is playing a game in which she spins a spinner with 6 equal-sized slices numbered I through 6. The spinner stops on a numbered slice at random. This game is this: Ann spins the spinner once. She wins S1 if the spinner stops on the number 1, $3 if the spinner stops on the number 2, $5 ir the spiner stops on the number 3, and $7 if the spinner stops on the number 4. She loses $1.25 ir the spinner stops on 5 or 6. (a) Find the expected value of playing the game. | dollars (b) What can Ann expect in the long run, after playing the game many times? O Ann can expect to gain money. She can expect to win dollars per spin. O Ann can expect to lose money. She can expect to lose I dollars per spin. Ann can expect to break even (neither gain nor lose money).

Answer rating: 100% (QA)

Answer From the given information Kira wins 1 if the spinner stops on ... View the full answer