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In a particular game, a six-sided fair die is tossed. If the number of spots showing is six, you win $6; if the number of spots showing is five, you win $3; if the number of spots showing is four, you win $2; and if the number of spots showing is three, you win $1. If the number of spots showing is one or two, you win nothing. You are going to play the game twice. The probability that you win something on each of the two plays of the game is:
Journal Entries
A record of financial transactions in accounting that includes details like the date of the transaction, amounts involved, accounts affected, and a brief description.
Incurred Expense
An expense that a company has recognized on its books, representing a cost that has been encountered in the operation of the business.
Wages Paid
This refers to the total amount of remuneration paid by an employer to an employee, including salaries, commissions, and bonuses, for work performed during a specific period.
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