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Question
marleny is creating a game of chance for her family. she has 5 different colored marbles in a bag: blue, red, yellow, white, and black. she decided that blue is the winning color. if a player chooses any other color, they lose 2 points. how many points should the blue marble be worth for the game to be fair?
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Step1: Define fair game condition
A fair game has an expected value of 0. Let \(x\) = points for blue marble.
Step2: Calculate probabilities
Probability of blue: $\frac{1}{5}$; Probability of non-blue: $\frac{4}{5}$
Step3: Set up expected value equation
Expected value = (Blue value × Blue probability) + (Non-blue value × Non-blue probability)
$$0 = x \times \frac{1}{5} + (-2) \times \frac{4}{5}$$
Step4: Solve for \(x\)
Multiply both sides by 5: $0 = x - 8$, so \(x = 8\)
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