Question

In a board game, players take turns spinning a wheel with 4 spaces and values of $100, $300, $400, $800. The probability of landing on $100 is 4-9. The probability of landing on $300 is 2/9. The probability of landing on $400 is 2/9. The probability of landing on $800 is 1/9. What is the expected value of spinning the wheel once

Answer 1

Answer:

$1,444.45

Step-by-step explanation:

EV= 100(0.44444444444)+300(0.22222222222)+400(0.22222222222)+800(0.11111111111)

EV= $288.89

288.89*5= $1,444.45