Question

Yoko has a bag with 8 balls numbered 1 through 8. She is playing a game of chance. This game is this: Yoko chooses one ball from the bag at random. She wins $1 if the number 1 is selected, $2 if the number 2 is selected, $5 if the number 3 is selected, $6 if the number 4 is selected, $8 if the number 5 is selected, and $10 if the number 6 is selected. She loses $13 if 7 or 8 is selected. (If necessary, consult a list of formulas.) (a) Find the expected value of playing the game. dollars (b) What can Yoko expect in the long run, after playing the game many times? (She replaces the ball in the bag each time.) O Yoko can expect to gain money. She can expect to win dollars per selection. O Yoko can expect to lose money. She can expect to lose dollars per selection. O Yoko can expect to break even (neither gain nor lose money).

Name: yoko has a bag with 8 balls numbered 1 through 8 she is playing a game of chance this game is this yoko chooses one ball from the bag at random she wins 1 if the number 1 is selected 2 if th 05421
Uploaded: 2024-07-26T22:34:54-08:00
Duration: 2 min 45 s
Channel: Joanna Quigley
Description: yoko has a bag with 8 balls numbered 1 through 8 she is playing a game of chance this game is this yoko chooses one ball from the bag at random she wins 1 if the number 1 is selected 2 if th 05421

          Yoko has a bag with 8 balls numbered 1 through 8. She is playing a game of chance.
This game is this: Yoko chooses one ball from the bag at random. She wins $1 if the number 1 is selected, $2 if the number 2 is selected, $5 if the number 3 is selected, $6 if the number 4 is selected, $8 if the number 5 is selected, and $10 if the number 6 is selected. She loses $13 if 7 or 8 is selected.
(If necessary, consult a list of formulas.)
(a) Find the expected value of playing the game.
dollars
(b) What can Yoko expect in the long run, after playing the game many times?
(She replaces the ball in the bag each time.)
O Yoko can expect to gain money.
She can expect to win dollars per selection.
O Yoko can expect to lose money.
She can expect to lose dollars per selection.
O Yoko can expect to break even (neither gain nor lose money).

yoko has a bag with 8 balls numbered 1 through 8 she is playing a game of chance this game is this yoko chooses one ball from the bag at random she wins 1 if the number 1 is selected 2 if th 05421

Added by Mary W.

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