wants to raise You will win the money in the t a school evet and decides to have

Question

wants to raise You will win the money in the t a school evet and decides to have a game. To play you must pay S section where the spinner stops The spinner has an equal money at a chance of topping in eac decides to hive a same where raises when one person plays the game once Complete the table for the probability (a) Let x represent the net proceeds qveens S2 SO distribution X. (3 Points) S0 $0 $2 $0 $0 S10 S3 $1 -$7 P(X) (b) What is the expected value of the net proceeds Queens raises for one play of the game? (4 P oints) from this game. what is the fewest number of times the game this value of the net proceeds to be at least $250.13 points) (c ) Queens would like to raise $250

Explanation / Answer

X= 3 occurs when it stops at 0 = 5/8

X=1 occurs when it stops at 2 = 2/8

X=-7 occurs when it stops at 10 = 1/8

a) E(X) = 5/8*3+2/8*1-7/8=1.25

b) Number of times n= 250/1.25=200

It should be played atleast 200 times

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