watch this and answer the following questions. https://youtu.be/SNIW7MmCdhA

A: Video on "Interpreting Expected I'ullalue" gaggtign #1 a) Identify the correct answer to the question in the video (0.56) b) 0.56 for i. provide one insight into why the wiswer is correct, OR ii. Provide one reason why any of the other 3 answers is incorrect. B: Practice Problems for \"Interpret Expected Value\" W (15) Marcos and Amaya work at a mobile phone company that offers customers an optional care plan. Customers can choose to pay an extra $50 when they buy a new phone, arid if they damage their Screen, then the company will cover the cost of the repair. Marcos and Amaya let X represent their companfs net gain on the sale of a given care plan, and they find the expected value of 500 = $25. Marcos says, \"If we sell many of these plans, the average gain for our company will be about $25 per plan. Amyo says, 'For every 1000 customers who buy this plan, we can expect a net gain of about $25,000. Both Marcos and Amaya are saying the same thing, but in different ways. Explain why they are both correct or why they are both incorrect? (16) Remember that if your explanation is not perfect, you can get the other 0.5 imrks by Showing screenshots (as explained above) W (16) Nuan gives her friend Soul a lottery ticket for his birthday. The ticket cost Nuan $5, and on the back it says, 'The overall odds of winning a prize are 1:50 and the expected return is $2.50.\" Saul says, \"If 1000 people bought one of these tickets, they'd have spent $5000 and only would only get back $2500. Explain how this could be either correct or incorrect. (16) Remember that if your explanation is not perfect, you can get the other 0.5 marks by showing screenshots if as explained above)