Probability- central tendency measures
You pay $6 to play a game where you will roll a die, with a payoff as follows: $8 for a 6, $7 for a 5, and $4 for any other result. What are your expected winnings? Is the game fair?
Find the mean for: 105, 108, 110, 115, 106, 110, 104, 113, 117.
Find the median and mode (or modes) for: 32, 35, 36, 44, 46, 46, 59.