Mathematics, 22.11.2021 23:10, pearfam98

Imagine a spinning wheel of chance which has 8 equally sized wedges. Three of the wedges win $1, three $5, one wins $20, and one wins $50. The wheel is balanced (not-weighted) so the probability of landing on any one wedge is constant and independent from the next spin. All answers should be decimals between 0.0000 and 1.0000. (Use 4 decimal places). You spin the wheel twice. What is the probability neither of the two spins are $50?

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Imagine a spinning wheel of chance which has 8 equally sized wedges. Three of the wedges win $1, thr...