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Please answer questions 1 and 2. Thank you in advance! You are trying to decide whether or not to book a cheap flight to y

Please answer questions 1 and 2. Thank you in advance!

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You are trying to decide whether or not to book a cheap flight to y home from NCSU after your nal exams, but you're not sure when your last exam will be. You think there is a 30% chance that your last exam will be scheduled after the last day that you can get a seat on the cheap ight. If it turns out that your last exam is scheduled after the last day that you can get a seat on the cheap flight, then you will have to cancel the flight, resulting in a loss to you of $150. If you can take the cheap flight home you will save $100. Question 1. If you book the cheap flight, what is your expected gain? X dollars Question 2. If you book the cheap flight, what is the standard deviation of your gain? (Use 2 decimal places in your answer.) dollars

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