Question: For the wheel pictured on the right (both are split evenly) red is $4 and blue is 7$ , assume that a person spins the

For the wheel pictured on the right (both are split evenly) red is $4 and blue is 7$ , assume that a person spins the pointer and is awarded the amount indicated by the pointer. If it costs $5 to play the game, determine

(a)the expectation of a person who plays the game $

(b) the fair price to play the game$.

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