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5) Bill pays $3 for the privilege of rolling a fair six-sided die. If an even number shows up, Bill will win as twice as many dollars as the number that shows up on the die. If an odd number shows up, he will lose $2. (a) Find the probability function of Bill's net winnings. Net Winnings Probability (b) Find Bill's expected net winnings aid the standard deviation of these winnings.

5) Bill pays $3 for the privilege of rolling a fair six-sided die. If an even number shows up, Bill will win as twice as many dollars as the number that shows up on the die. If an odd number shows up, he will lose $2. (a) Find the probability function of Bill's net winnings. Net Winnings Probability (b) Find Bill's expected net winnings aid the standard deviation of these winnings.

MATLAB: An Introduction with Applications
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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5) Bill pays $3 for the privilege of rolling a fair six-sided die. If an even number shows up, Bill will win as twice as many dollars as the number that shows up on the die. If an odd number shows up, he will lose $2. (a) Find the probability function of Bill's net winnings. Net Winnings Probability (b) Find Bill's expected net winnings aid the standard deviation of these winnings.
Transcribed Image Text:5) Bill pays $3 for the privilege of rolling a fair six-sided die. If an even number shows up, Bill will win as twice as many dollars as the number that shows up on the die. If an odd number shows up, he will lose $2. (a) Find the probability function of Bill's net winnings. Net Winnings Probability (b) Find Bill's expected net winnings aid the standard deviation of these winnings.
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