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A store is running a promotion where customers can spin a wheel to get X dollars off their next order. The distribution is below What
A store is running a promotion where customers can spin a wheel to get X dollars off their next order. The distribution is below
What is the probability someone wins more than $5 off?
What is theexpectedvalue of a spin? If 200 people spin the wheel, how much in total are they expected to win off of their next order? (Consider the previous question)
X = | P(X) |
1 | 0.5 |
5 | 0.3 |
10 | 0.125 |
25 | 0.07 |
100 | 0.05 |
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