Asked by Kristen Buehler on Apr 25, 2024

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Verified

​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

Cost to Play

The initial investment or expense required to participate in an activity, venture, or market.

Long Line

A situation where the demand for a product or service exceeds the available supply, often resulting in wait times.

Carnival Losing Money

A situation where a carnival, fair, or festival incurs financial losses instead of making a profit.

  • Appraise the impartiality of gaming and investment opportunities by considering expected yields.
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Verified Answer

RB
Riley BitrichApr 27, 2024
Final Answer :
D
Explanation :
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.