Consider the following spinner. a. Determine the expected value of the spinner. Show all calculations. b. It costs $3.00 to spin the spinner above. Is $3.00 a fair price to charge? Why or why not?

4. Draw in values on the following spinner so that the expected value is somewhere between $4.50 and $5.50. You should use at least three different outcomes. Show all calculations when determining your spinner's expected value