Expected value when we take one spin = 3/7
What is the expected value?
It is the sum of values multiplied by their respective probabilities.
How do we calculate the expected value after one spin?
We have 2 red, 2 purple, 2 yellow, and 1 blue sector.
Total number of Sectors = 7
∴Probability of landing on red sector = 2/7
∴Probability of landing on purple sector = 2/7
∴Probability of landing on yellow sector = 2/7
∴Probability of landing on blue sector = 1/7
Points on blue sector = 3, on yellow sector = 1, on purple sector = 0, and on red sector = -1.
X 3 1 0 -1
P(X) 1/7 2/7 2/7 2/7
Expected Value = ∑X.P(X)
=3.(1/7) + 1(2/7) + 0(2/7) - 1(2/7)
= 3/7
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