Tony 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: Tony 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 Tony expect in the long run, after playing the game many times? O Tony can expect to gain money. He can expect to win dollars per spin. O Tony can expect to lose money. He can expect to lose dollars per spin. O Tony can expect to break even (neither gain nor lose money). 5 ?

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Tony 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: Tony 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 Tony expect in the long run, after playing the game many times?
O Tony can expect to gain money.
He can expect to win
dollars per spin.
O Tony can expect to lose
money.
He can expect to lose dollars per spin.
O Tony can expect to break even (neither gain nor lose money).
S
?
Transcribed Image Text:Tony 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: Tony 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 Tony expect in the long run, after playing the game many times? O Tony can expect to gain money. He can expect to win dollars per spin. O Tony can expect to lose money. He can expect to lose dollars per spin. O Tony can expect to break even (neither gain nor lose money). S ?
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