Find the odds in favor of a five being rolled on a single die. What is the probability of this event?
Four poker players are all holding five cards. Two of the players are each holding three diamonds. What is the probability that the next card dealt will be a diamond?
You are trying to analyze how much a customer is expected to spend at a local grocery store. Based on historical data, there are 50%, 30%, and 20% chances customers will spend $15, $20, and $25 respectively. What is the expected amount a customer will spend?