If I $6 to play a spinner game and the chances of winning $1 dollar is 50% and the chances of winning $12 is 50%. What is the fair price of the game?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
Problem 11PTTS
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If I $6 to play a spinner game and the chances of winning $1 dollar is 50% and the chances of winning $12 is 50%. What is the fair price of the game? 

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