A box contains five slips of paper, marked $1, $1, $10, $25, and $25. The winner of a contest selects two slips of paper at random and then gets the larger of the dollar amounts on the two slips. Define a random variable w by w = amount awarded, Determine the probability distribution of w. (Hint: Think of the slips as numbered 1, 2, 3, 4, and 5, so that an outcome of the experiment consists of two of these numbers.) Value of w (in dollars) Probability 10 25

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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A box contains five slips of paper, marked $1, $1, $10, $25, and $25. The winner of a contest selects two slips of paper at random and then gets the larger of the dollar
amounts on the two slips. Define a random variable w by w = amount awarded. Determine the probability distribution of w. (Hint: Think of the slips as numbered 1, 2, 3, 4,
and 5, so that an outcome of the experiment consists of two of these numbers.)
Value of w (in dollars)
Probability
1
10
25
Transcribed Image Text:A box contains five slips of paper, marked $1, $1, $10, $25, and $25. The winner of a contest selects two slips of paper at random and then gets the larger of the dollar amounts on the two slips. Define a random variable w by w = amount awarded. Determine the probability distribution of w. (Hint: Think of the slips as numbered 1, 2, 3, 4, and 5, so that an outcome of the experiment consists of two of these numbers.) Value of w (in dollars) Probability 1 10 25
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