Probability

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Question

A spinner is divided into 4 equal spaces. A player bets $2.00 on a given space. If the spinner lands on that space, he is paid $8.00 and gets his $2.00 back. If the spinner lands on on any space not chosen, the player loses the $2.00. (Assume that landing on a line is voided and spinner is respun) What is the expected value of the game? Mar 26 2013 06:03 PM

 

Solution ID:609118 | This paper was updated on 26-Nov-2015

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