Suppose That You Randomly Pick a Digit 0 Through 9 $3$

question 74

Short Answer

Suppose that you randomly pick a digit 0 through 9. You will be paid $ $3$ if you select a prime number 3 or larger. You will not receive anything for any other outcome. How much should you be willing to pay for the privilege of playing this game, to the nearest cent? $ __________

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Definitions:

Frequency Distribution

A frequency distribution shows how often each different value in a set of data occurs.

Formal Education

Structured and systematic instruction provided by trained teachers in institutions like schools and colleges, leading to recognized qualifications.

Employee Development

Organized activities and programs aimed at improving the knowledge, skills, and abilities of employees to enhance their performance and career progression.

Off-site

Activities or work performed away from the primary business location or outside the usual place of employment.