The fraction 6/12 can be written as which decimal?
2 answers:
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Answer:
$13.16
Step-by-step explanation:
For each individual spin, there are two possible outcomes:
- There is a 1 in 38 chance of winning $175.
- There is a 37 in 38 chance of losing $5.
The expected value for each spin is the sum of the products of each outcome by their respective probability.
In 50 spins, the expected value is:
You can expect to lose $13.16 if you spin the wheel 50 times.