Question

I dont understand question 1 part A to D and please write clear.

1) Suppose you play a die rolling game in which a fair 6-sided die is rolled once. If the outcome of the roll (the number of dots on the side facing upward) is at least five, you win $10, otherwise you lose $5.50. Let ? be the profit of the game or the amount of money won or lost per roll. Negative profit corresponds to lost money.

a) (6pt) Construct a probability distribution for this game by completing the table.

Outcome |
? |
Probability |

b) (2pt) Compute the expected value (the mean) of ?.

c) (2pt) Explain the meaning of the expected value ? in the context of the problem.

d) (1pt) If you played this game 50 times, how much would you expect to win or lose?

Answer #1

PROBLEM #2
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facing upward) is less than or equal to 4, you are paid as many
dollars as the number you have rolled. Otherwise, you lose as many
dollars as the number you have rolled.
Let X be the profit from the game (or the amount of money won or
lost per...

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Probability Distribution Table
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Probability Distribution Table
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appropriate.
Probability Distribution Table
X
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Probability Distribution Table
X
P(X)
b. Find the expected profit. $ (Round to the nearest cent)
c....

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six sided die. If you roll a 6, you win $9. If you roll a 2, 3, 4
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a. Complete the PDF Table. List the X values, where X is the
profit, from smallest to largest. Round to 4 decimal places where
appropriate.
Probability Distribution Table
X
P(X)
b. Find the expected profit. $ (Round to the nearest...

Suppose that you are offered the following "deal." You roll a
six sided die. If you roll a 6, you win $13. If you roll a 4 or 5,
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a. Complete the PDF Table. List the X values, where X is the
profit, from smallest to largest. Round to 4 decimal places where
appropriate.
Probability Distribution Table
X
P(X)
b. Find the expected profit. $ ____ (Round to the nearest
cent)
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JAVA: MUST BE DONE IN JAVA
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1. Consider the following game. For 3 dollars I will allow you
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(b) Calculate E(X), the expected...

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