Question 8.83

52. You have a campus errand that will take only 15 minutes. The only parking space anywhere nearby is a faculty-only space, which is checked by campus police about once every hour. If you’re caught, the fine is $25.

  1. Give the probability model for the money that you may or may not have to pay.
  2. What’s the expected value of the money that you will pay for your unauthorized parking?