Joe Is Going to Play a Carnival Game Where If

question 3

Short Answer

Joe is going to play a carnival game where if you guess the correct month, you win $20.It costs $2 to
play.1 represents he wins, 2-12 represents he loses.
What is his expected winnings if he plays 27 times? A computer randomly generated the following
numbers from 1 to 12.

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Definitions:

Sake of Enjoyment

Doing something purely for the pleasure or satisfaction it brings, without external rewards or pressures.

Own Enjoyment

The personal satisfaction or pleasure derived from engaging in an activity without any external pressures or rewards.

Achievement Motivation

A psychological construct that drives an individual to pursue and achieve goals.

High Standards

The expectation or requirement of a level of performance or quality that is above the norm.