Weighing the Possible Outcomes HSS.MD.B.5 Practice Question Lumos StepUp ACT Practice Program - Mathematics

Lumos StepUp ACT Practice Program - Mathematics Weighing the Possible Outcomes

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A spin on the casino "wheel of chance'' gives you an equal opportunity to land on 4 spots. The probability of landing on each spot is then 1 in 4, or 0.25. Each spot has its own payout value as shown below. Find the expected value after one spin.

Section 1: $100

Section 2: -$100

Section 3: $250

Section 4: -$250


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