Find the expected value.Experience shows that a ski lodge wi…

Find the expected value.Experience shows that a ski lodge will be full (188 guests) if there is a heavy snow fall in December, while only partially full (53 guests) with a light snow fall. What is the expected number of guests if the probability for a heavy snow fall is 0.40? Assume that heavy snowfall and light snowfall are the only two possibilities.

Find the expected value.You play a game where the goal is to…

Find the expected value.You play a game where the goal is to toss 2 tails in 2 tosses of a fair coin. You are given “5 to 1 odds” against tossing 2 tails in 2 tosses of a fair coin. This means that you win $5 if you succeed and you lose $1 if you fail. Find the expected value (to you) of the game. Round to the nearest cent.