Calculate the expected value of the scenario.
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Expected value $=$

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The final answer is $2.94$ .

Steps

Step 1 ：Calculate the expected value by multiplying each outcome by its probability and summing up the results.

Step 2 ：Let the outcomes be $x_{i} = [1, 2, 3, 4, 5]$ and the corresponding probabilities be $P (x_{i}) = [0.24, 0.31, 0.01, 0.15, 0.29]$ .

Step 3 ：Compute the expected value using the formula $Expected value = \sum_{i = 1}^{n} x_{i} \cdot P (x_{i})$ .

Step 4 ：Substitute the values into the formula to get $Expected value = 1 \cdot 0.24 + 2 \cdot 0.31 + 3 \cdot 0.01 + 4 \cdot 0.15 + 5 \cdot 0.29$ .

Step 5 ：Calculate the sum to get the expected value $Expected value = 2.94$ .

Step 6 ：The final answer is $2.94$ .