Answer:
On average the carnival gain on each play
= 0.04 dollars
Step-by-step explanation:
Given that a pond contains 100 fish: 78 purple, 21 blue, and 1 silver.
Fish Purple Blue Silver total
Frequency 78 21 1 100
Prob 0.78 0.21 0.01 1
Revenue 0.4 0.8 13
game fee 0.65 0.65 0.65
Net revenue -0.25 0.15 12.35
Net Rev*Prob -0.195 0.0315 0.1235 -0.04
Thus we get per player expected net revenue is -0.04
This would be gain for Carnival
Hence On average the carnival gain on each play
= 0.04 dollars
Judging by your graph, it should be 30 :)
(5/6) / (1/4)
5/6 * 4/1
20/6
3 1/3 <=== there is 3 1/3 one-forth lb servings
