15. Suppose you pay $2 to play a game of chance, in which you toss a coin and roll a die. You are paid $10 if your coin shows a tail and you roll at least a five on the die. Let the random variable X be the profit of the game or the amount of money won or lost per roll. Negative profit corresponds to lost money. Fill out the following propability distribution table Event P(X) twupossrble oute ffned probabitity fifed EI -2 a. Over the long term, what is your expected profit (or loss) per game? , 33 47a / b. If you played this game 100 times, how much would you expect to win /loose?

15. Suppose you pay $2 to play a game of chance, in which you toss a coin and roll a die. You are paid $10 if your coin shows a tail and you roll at least a five on the die. Let the random variable X be the profit of the game or the amount of money won or lost per roll. Negative profit corresponds to lost money. Fill out the following propability distribution table Event P(X) twupossrble oute ffned probabitity fifed EI -2 a. Over the long term, what is your expected profit (or loss) per game? , 33 47a / b. If you played this game 100 times, how much would you expect to win /loose?

Name: 15. Suppose you pay $2 to play a game of chance, in which you toss a
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Description: 15. Suppose you pay $2 to play a game of chance, in which you toss a coin and roll a die.You are paid $10 if your coin shows a tail and you roll at least a five on the die.Let the random variable X be the profit of the game or the amount of money wo

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Concept explainers

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.

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Question

15. Suppose you pay $2 to play a game of chance, in which you toss a coin and roll a die.
You are paid $10 if your coin shows a tail and you roll at least a five on the die.
Let the random variable X be the profit of the game or the amount of money won or lost per
roll. Negative profit corresponds to lost money.
Fill out the following propability distribution table
Event
P(X)
twupossrble oute
ffned probabitity
fifed
EI -2
a. Over the long term, what is your expected profit (or loss) per game? , 33 47a /
b. If you played this game 100 times, how much would you expect to win /loose?

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