4.1, 4.2 Random Variables
Problem 1
Consider the following game of chance based on the spinner below:
Each spin costs $4. If the spinner lands on B the player wins $10. If the spinner stops on D the player wins a dime. Otherwise, the player wins nothing.
Calculate the player’s expected profit.
Note: Express your answer to at least three decimal places in dollar form.
Correct Answers
−1.46667