1. Section 3.1
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P(more than$500)= 12
There are three outcomes that result in winnings of more than $500. P($300, double)= 16 P($1500, double)= 16 P($1500, keep)= 16 To calculate the probability that we spin any of these options, we have to add their probabilities. P(more than $500): 1/6+1/6+1/6=3/6 The probability of winning more than $500 is 36, which can be reduced to 12.
Now there are two outcomes that result in winning $200. P($100, double)=1/6 P($200, keep)=1/6 Like in Part C, to calculate the probability that you spin either option we have to add their probabilities. P($200): 1/6+1/6=2/6 The probability of winning $200 is 26, which can be reduced to 13.