15. A booth at the fair offers a game of chance where a person spins a wheel divided into four equal size sections indicating the directions of North, East, South, and West. If the wheel stops on West the person wins $20, if the wheel lands on North the person must pay $8, if it lands on South, they must pay $5 and if it lands on East they must pay $9. What is the expected value of playing this game? SHOW WORK and answer as dollars and cents (2 decimal places).
15. A booth at the fair offers a game of chance where a person spins a wheel divided into four equal size sections indicating the directions of North, East, South, and West. If the wheel stops on West the person wins $20, if the wheel lands on North the person must pay $8, if it lands on South, they must pay $5 and if it lands on East they must pay $9. What is the expected value of playing this game? SHOW WORK and answer as dollars and cents (2 decimal places).
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 6ECP: In Pennsylvania’s Cash 5 game, a player chooses five different numbers from 1 to 43. If these five...
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15.
Transcribed Image Text:15. A booth at the fair offers a game of chance where a person spins a wheel divided into four equal size
sections indicating the directions of North, East, South, and West. If the wheel stops on West the person
wins $20, if the wheel lands on North the person must pay $8, if it lands on South, they must pay $5 and
if it lands on East they must pay $9. What is the expected value of playing this game? SHOW WORK
and answer as dollars and cents (2 decimal places).
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