1. Miguel is playing a game in which a box contains four chips with numbers written on them. Two of the chips have the number 1, one chip has the number 3, and the other chip has the number 5. Miguel must choose two chips, and if both chips have the same number, he wins $2. If the two chips he chooses have different numbers, he loses $1 (-$1). a. Let X = the amount of money Miguel will receive or owe. Fill out the missing values in the table. (Hint: The total possible outcomes are six because there are four chips and you are choosing two of them.) X; 2 −1 P(x;) b. What is Miguel's expected value from playing the game
1. Miguel is playing a game in which a box contains four chips with numbers written on them. Two of the chips have the number 1, one chip has the number 3, and the other chip has the number 5. Miguel must choose two chips, and if both chips have the same number, he wins $2. If the two chips he chooses have different numbers, he loses $1 (-$1). a. Let X = the amount of money Miguel will receive or owe. Fill out the missing values in the table. (Hint: The total possible outcomes are six because there are four chips and you are choosing two of them.) X; 2 −1 P(x;) b. What is Miguel's expected value from playing the game
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter3: Solving Equation And Problems
Section3.7: Costs, Income, And Value Problems
Problem 18P
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Transcribed Image Text:1. Miguel is playing a game in which a box contains four chips with numbers written on them. Two of
the chips have the number 1, one chip has the number 3, and the other chip has the number 5.
Miguel must choose two chips, and if both chips have the same number, he wins $2. If the two
chips he chooses have different numbers, he loses $1 (-$1).
a. Let X = the amount of money Miguel will receive or owe. Fill out the missing values in the
table. (Hint: The total possible outcomes are six because there are four chips and you are
choosing two of them.)
X;
2
−1
P(x;)
b. What is Miguel's expected value from playing the game
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