At a carnival roulette wheel,a player can either win $10,$30,or $80.If it costs $50 to play,we would expect to see
A)A long line of players waiting to play
B)No players for the game
C)The carnival losing money per play
D)All of the above

Question

​At a carnival roulette wheel,a player can either win $10,$30,or $80.If it costs $50 to play,we would expect to see
A)​A long line of players waiting to play
B)No players for the game
C)The carnival losing money per play
D)​All of the above

Quizplus · Accepted Answer

The expected value of the game is crucial in determining player interest. Without knowing the probabilities of winning each amount, it's difficult to calculate the expected value precisely. However, given the high cost to play ($50) and the relatively low winning amounts ($10, $30, $80), it's likely that the expected value is negative for the player. This means, on average, players will lose money, leading to little to no interest in playing the game.

​At a Carnival Roulette Wheel,a Player Can Either Win $10,$30,or

At a Carnival Roulette Wheel,a Player Can Either Win $10,$30,or