Question

A game is played by spinning a wheel that contains the words Win and Lose. The wheel has 10 slots, with Win written four times and Lose written six times. If the wheel lands on win, you win $5; on lose, you win nothing. It costs $2 to play. What is the expected value?

A) $1
B) $2
C) $0
D) -$2

Answer 1

I believe it’s B don’t quote me on this I had this question the other day tho

Answer 2

Most likely because lose is put more than win. The most probable answer would be D.