# Math

posted by .

A person spins the pointer and is awarded the amount indicated by the pointer.

(A circle with 3 sections divided: \$2, \$5, \$10). The pointer stops on \$2.

It costs \$6 to play the game. Determine:

a.) The expectation of a person who plays the game.

b.) The fair price to play the game.

• Math -

a) expected value: 2*1/3 + 5*1/3 + 10*1/3
1/3(2+5+10)=17/3 dollars

fair price: 5.67

## Similar Questions

1. ### AP Chemistry

A typical laser pointer is rated at 5.0 mW. It outputs red light with a wavelength of about 6300 Angstrom. How many photons of laser light will be emitted from the pointer if it is used 120 seconds.
2. ### Physics

If a pointer on a spring scale moves 0.0254 m when a 2.224 N weight is fastened to the hook, the pointer will move how many m when a 17.79 N weight is used?
3. ### Math

A person spins the pointer and is awarded the amount indicated by the pointer. (A circle with 3 sections divided: \$2, \$5, \$10). The pointer stops on \$2. It costs \$6 to play the game. Determine: a.) The expectation of a person who plays …
4. ### Math

A spinner is divided into 20 equal sections and are numbered 1 through 20. What is the probability of the spinner's pointer landing on section 5?
5. ### math

a person spins the pointer and is awarded the amount indicated by pointer.It cost \$5. to play . There are three sections \$2.00 1/2, \$5.00 1/4. and \$10.00 1/4 what is the expectation of a person who pays. what is the fair price to play …
6. ### statistics

In a carnival game, a player spins a wheel that stops with the pointer on one (and only one) of three colors. The likelihood of the pointer landing on each color is as follows: 65 percent BLUE, 22 percent RED, and 13 percent GREEN. …
7. ### Computers C++

1). After the assignment statement result = isspace('\t'); result has the value ________. 2). The data type of islower('g') is ________. 3). What will be output given the following information: float * pointer; float pay = 3.75; pointer …
8. ### MAth 10 (probability

Each spinner is divided into four equal sectors (1-4). The pointer in each spinner, when spun, is equally likely to rest in any one of the four sectors. The pointer in each spinner is spun once. What is the probability that the sum …
9. ### MAth 10 (probability)

Each spinner is divided into four equal sectors (1-4). The pointer in each spinner, when spun, is equally likely to rest in any one of the four sectors. The pointer in each spinner is spun once. What is the probability that the sum …
10. ### Math

Sofia spins the pointer of a spinner that has 5 equal sections numbered 1 to 5. Choose True or False for each statement. A. It is likely that the pointer will land on a factor of 4. B. It is as likely as not that the pointer will land …

More Similar Questions