Ravi is playing a game of chance in which he tosses a dart into a rotating dartboard with 8 equal-sized slices numbered 1 through 8. The dart lands on a
numbered slice at random.
This game is this: Ravi tosses the dart once. He wins $1 if the dart lands in slice 1, $3 if the dart lands in slice 2, $5 if the dart lands in slice 3, $8 if the dart
lands in slice 41 and $10 if the dart lands in slice 5. He loses $5 if the dart lands in slices 6, 7, or 8.
(a) Find the expected value of playing the game.
dollars
(b) What can Ravi expect in the long run, after playing the game many times?
O Ravi can expect to gain money.
He can expect to win
O Ravi can expect to lose money.
He can expect to lose dollars per toss.
Ravi can expect to break even (neither gain nor lose money).
Explanation
dollars per toss.
Check