A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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Player pays a fee, then reaches into a large jar and picks out a ball. The jar contains one ball for each letter of the alphabet. If the players picks out a ball with a vowel on it, the player wins 500 dollars. If the player picks out a ball with a consonant on it, the player wins nothing.

 

What fee should be charged to play this game in order for it to be considered a fair game?

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