Answer:
the answer is $8.29
Step-by-step explanation:
1.60 marked up by 60% in decimal form is .60
multiply that .60 by 1.60 and you get .64
you add .64 to 1.60 and you get 2.56
you multiply 2.56 by 3 and you get 7.68
you have a 8% sales tax so you multiply 0.08 by 7.68
you will get .61 you add that to 7.68 to get $8.29
Answer:
The spinner has 6 equal-sized slices, so each slice has a 1/6 probability of showing up.
I guess that we want to find the expected value in one spin:
number 1: wins $1
number 2: wins $3
number 3: wins $5
number 4: wins $7
number 5: losses $8
number 6: loses $8
The expected value can be calculated as:
Ev = ∑xₙpₙ
where xₙ is the event and pₙ is the probability.
We know that the probability for all the events is 1/6, so we have:
Ev = ($1 + $3 + $5 + $7 - $8 - $8)*(1/6) = $0
So the expected value of this game is $0, wich implies that is a fair game.
