Carnival A carnival game offers a $100 cash prize for anyone who can break a balloon by throwing a dart at it. It costs $5 to play (they keep your $5, even if you win the $100), and you’re willing to spend up to $20 trying to win. You estimate that you have about a 10% chance of hitting the balloon on any throw.
a) Create a probability model for this carnival game.
b) Find the expected number of darts you’ll throw.
c) Find your expected winnings.
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