Question 6 If the probability function for a discrete random variable X is given by the following piecewise function: x2, if X = 1,3 0, if X=2,4 Find the expected value.SHOW YOUR COMPLETE SOLUTION. MUCH BETTER IF YOU'LL WRITE THE SOLUTION ON A PAPER. Question 7 2 Points A school club is organizing a fundraising campaign by selling raffle tickets. There are 1000 tickets being sold at Php50 each and the prizes at stake are, a laptop worth Php35,000, a mobile cellphone worth Php10,000, and a cash prize of Php5,000. You buy 1ticket. What is the expected value of your gain? Note: Do not include the currency symbol for your answer. Blank 1 If the raffle ticket costs Php60, what is the expected value of your gain? Note: Do not include the currency symbol for your answer. Blank 2 Which ticket price is fair? (50 or 60) Blank 3 Blank 1 Add your answer Blank 2 Add your answer Blank 3 Add your