What is the best content spinner?

Consider the following game of chance based on the spinner below: Each spin costs $2. If the spinner lands on?

• Consider the following game of chance based on the spinner below: Each spin costs $2. If the spinner lands on D the player wins a penny, if the spinner stops on A the player wins $8 otherwise the player wins nothing. Calculate the players expected winnings There is a 1/4 chance that the spinner will land on A and a 1/6 chance that the spinner will land on D

• Answer:

  I came up with the same answer Rosinboi did. He is correct: .25 * 8 + (1 - (1/4 + 1/6)) * 0 + (1/6) * .01 ------------------ 2.001667 <------ expected return If the cost of each play is $2.00, you can see a profit is made each on each spin... a SMALL profit. .001667. <----- expected winnings