Question: Computing expected value in a game of chance JDOOD 3/5 Nathan V Esp Pablo is playing a game in which he spins a spinner with

 Computing expected value in a game of chance JDOOD 3/5 Nathan

Computing expected value in a game of chance JDOOD 3/5 Nathan V Esp Pablo is playing a game in which he 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: Pablo spins the spinner once. He wins $1 if the spinner stops on the number 1, $4 if the spinner stops on the number 2, $7 if the spinner stops on the number 3, and $10 if the spinner stops on the number 4. He loses $8.75 if the spinner stops on 5 or 6. (a) Find the expected value of playing the game. I dollars (b) What can Pablo expect in the long run, after playing the game many times? D O Pablo can expect to gain money. He can expect to win _ dollars per spin. O Pablo can expect to lose money. He can expect to lose _ dollars per spin. O Pablo can expect to break even (neither gain nor lose money). X

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