At a carnival roulette wheel,a player can either win $10,$30,or $80.If it costs $35 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)Both A&C

Question

​At a carnival roulette wheel,a player can either win $10,$30,or $80.If it costs $35 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)​Both A&C

Quizplus · Accepted Answer

If it costs $35 to play and the potential winnings are only $10, $30, or $80, it is unlikely that many people would be willing to play as the expected value of the game is negative. Therefore, the line for players would most likely be short or nonexistent. Additionally, since the expected value of the game is negative, the carnival would likely be losing money per play, leading to an overall loss for the carnival if the game is played frequently.

​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