32. Video Poker The following table shows the net winningsfrom a $1 bet in a video poker game.OutcomeRoyal FlushStraight FlushFour of a KindFull HouseFlushStraightThree of a KindTwo PairJacks or BetterLess than Jacks or BetterSource: The Wizard of Odds.Probability0.0000230.0001420.002250.010980.015720.018420.068830.119600.183260.58076Profit$799$49$24$8$4$3$2$1$0-$1(a) Compute and interpret the expected net winnings from theplayer's point of view. Round your answer to three decimalplaces (nearest tenth of a penny).(b) Suppose over the course of one hour a player can expect toplay 90 games. How much should the player expect to win orlose over the course of one hour?(c) What is the standard deviation of net winnings? What doesthis result suggest?

a)computed and interpreted the expected net winnings from the players point of view..... = E(X)=…

Answered: 32 Video Poker The following table…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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