Question:
A wheel with three numbers on it--0, 1, and 2--is spun so
Last updated: 7/19/2022
A wheel with three numbers on it--0, 1, and 2--is spun so that there is a 40% chance that the wheel lands on zero, a 10% chance the wheel lands on one, and a 50% chance the wheel lands on two. You get back the amount in dollars of the number that the wheel lands on. If it costs $1 to play, what is the expected value of the game? * -$1.10 -$0.10 $0.10 $0.20 $1.10