Dante is playing a game in which he spins a spinner with 6 equal sized...
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Dante is playing a game in which he spins a spinner with 6 equal sized slices numbered 1 through 6 The spinner stops on a numbered slice at random This game is this Dante spins the spinner once He wins 1 if the spinner stops on the number 1 3 if the spinner stops on the number 2 5 if the spinner stops on the number 3 and 7 if the spinner stops on the number 4 He loses 8 if the spinner stops on 5 or 6 a Find the expected value of playing the game dollars b What can Dante expect in the long run after playing the game many times Dante can expect to gain money He can expect to win dollars per spin Dante can expect to lose money He can expect to lose dollars per spin Dante can expect to break even neither gain nor lose money 5
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