Please help! Correct answer only! There is a spinner with 50 equally likely sections, numbered from 1 to 50. You have the opportunity to spin it. If the number is odd, you win $13. If the number is even, you win nothing. If you play the game, what is the expected payoff?

$___

Part 1 . " Spinner Problem "

" Expected Payoff " ⇒ $ 6.5 ; Type in 6.5

Step-by-step explanation:

Solution ; " Expected Payoff " $ 6.5

_____________________________________________________

Part 2 . " Ticket Problem "

" Expected Payoff " ⇒ $ 1.80 ; Type in 1.80

Step-by-step explanation:

Take the probability of winning into consideration;

Solution ; " Expected Payoff " ⇒ $ 1.80

all group life insurance is term insurance. actually it is annual renewable term and it is rated on the average age and claims experience of the entire group, which is called "experience rating." remember, this type of insurance has a 31-day grace period and is convertible to whole life upon leaving employment. a contributory group plan requires that both the employer and the employees pay part of the premium. at least 75% of those eligible must participate, so the group is sure to get most of the healthy employees as well as those that are sick.

step-by-step explanation: