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6. For the wheel pictured on the right, assume that a person spins the pointer and is awarded the amount indicated by the pointer.
6. For the wheel pictured on the right, assume that a person spins the pointer and is awarded the amount indicated by the pointer. If it costs $5 to play the game, determine (a) the expectation of a person who plays the game and (b) the fair price to play the game. a. What is the expectation? S b. What is the fair price to play the game? $ $5
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