EsHans 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: Hans 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 spinnerstops on the number 3, and $7 if the spinner stops on the number 4. He loses $1.25 if the spinner stops on 5 or 6.(If necessary, consult a list of formulas.)(a) Find the expected value of playing the game.|| dollars(b) What can Hans expect in the long run, after playing the game many times?O Hans can expect to gain money.He can expect to win | dollars per spin.O Hans can expect to lose money.He can expect to lose | dollars per spin.Hans can expect to break even (neither gain nor lose money).

HERE HAN IS PLAYING GAME IN WHICH HE SPINS A SPINNER .EACH SILCE NUMBERED 1 TO 6 HAS EQUAL CHANCE SO…

Answered: (a) Find the expected value of playing…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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