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Michael is watching an old game show rerun on television called Let's Make a Deal in which the contestant chooses a prize behind one of
Michael is watching an old game show rerun on television called Let's Make a Deal in which the contestant chooses a prize behind one of two curtains. Behind one of the curtains is a gag prize worth $140, and behind the other is a round-the-world trip worth $4,500. The producer of the game show has placed a subliminal message on the curtain containing the gag prize, which makes the probability of choosing the gag prize equal to 75 percent. Your answer is correct. What is the expected value of the selection? (Round answer to 2 decimal places, e.g. 15.25.) Expected value $ eTextbook and Media Attempts: 1 of 5 used (a2) What is the standard deviation of that selection? (Round answer to 2 decimal places, eg. 15.25.) Standard deviation $ I need part two answered for the standard deviation. Expert Answer Anonymous answered this 4,534 answers Question 1: Expected Value =(75%$140)+(25%$4,500)
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