Mathematics, 15.07.2020 01:01, JuanTorres7

PROBABILITY. Areas of regions: Entire Target=84in^2, Red area=28in^2, Green area=7in^2, Yellow area=9.42in^2, Blue area=39.58in^2. If you hit the yellow target, you win $2. Hit green target, you win $2. Hit red target, you win $4. Hit anywhere else, you lose $3. Assume if costs $0 to play. What’s the probability and pay off $ amount for red, yellow, green, and blue? What’s the expected value for playing this game? Round result to at least 3 decimal spaces. Is the game fair? Why or why not?

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PROBABILITY. Areas of regions: Entire Target=84in^2, Red area=28in^2, Green area=7in^2, Yellow area=...