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Wheel of Fortune
Author:
Andreas Lindner
Topic:
Expected Value
,
Probability
,
Statistics
Different amounts can be won on a wheel of fortune. These profits are shown in the table. Calculate the expected profit.
Hint: The individual sectors are
1/3
,
1/4
,
1/6
,
1/8
,
1/12
and
1/24
of the circular area.
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