Asked by snipes fordayz on Sep 24, 2024
At a fair carnival roulette wheel,a player can either win $10,$30,or $80.If it costs $30 to play,would an individual gain or lose from playing the game?
A) Gain
B) Lose
C) Breakeven-neither gain nor lose
D) None of the above
Carnival Roulette Wheel
A gambling game found in carnivals and casinos, where players bet on which numbered or colored slot a spinning ball will land on.
Cost to Play
The amount of money required to participate in an activity, game, or to pursue a certain action.
Gain
An increase in wealth, assets, or value, often resulting from investment or business operations.
- Examine the fairness in games and investments by evaluating anticipated returns.
Learning Objectives
- Examine the fairness in games and investments by evaluating anticipated returns.
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