(a) Create a probability distribution for X. Enter the possible values of X in ascending order from left to right. All probabilities should be exact. P(X) Enter a fraction, integer, or exact decimal. Do not approximate (b) Compute your expected net winnings for the game. Round your answer to the nearest cent. (c) is this game fair? O Yes O No
(a) Create a probability distribution for X. Enter the possible values of X in ascending order from left to right. All probabilities should be exact. P(X) Enter a fraction, integer, or exact decimal. Do not approximate (b) Compute your expected net winnings for the game. Round your answer to the nearest cent. (c) is this game fair? O Yes O No
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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![To raise money for the local Veterans Affairs hospital, your friend organizes a fundraiser, inviting you to play a two-stage game where you pay $6 to play. The game works
as follows: a fair 8-sided die is rolled, noting the number shown, and a spinner divided into 4 equal regions of different colors (blue, red, green, orange) is spun, noting th
color. If the die shows 3 or the spinner shows orange, then you win $21. If the die shows an even number and the spinner does not show orange, then you win $7.
Otherwise, you do not win anything.
Let X be your net winnings.
(a) Create a probability distribution for X. Enter the possible values of X in ascending order from left to right. All probabilities should be exact.
P(X)
Enter a fraction, integer, or exact decimal. Do not approximate
(b) Compute your expected net winnings for the game. Round your answer to the nearest cent.
(c) Is this game fair?
O Yes
O No](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff3fb2678-363b-4b49-9fdf-72f65eb687c8%2Fc060c5f6-2367-41e5-aaa9-ac5a82e78a50%2F57evesk_processed.jpeg&w=3840&q=75)
Transcribed Image Text:To raise money for the local Veterans Affairs hospital, your friend organizes a fundraiser, inviting you to play a two-stage game where you pay $6 to play. The game works
as follows: a fair 8-sided die is rolled, noting the number shown, and a spinner divided into 4 equal regions of different colors (blue, red, green, orange) is spun, noting th
color. If the die shows 3 or the spinner shows orange, then you win $21. If the die shows an even number and the spinner does not show orange, then you win $7.
Otherwise, you do not win anything.
Let X be your net winnings.
(a) Create a probability distribution for X. Enter the possible values of X in ascending order from left to right. All probabilities should be exact.
P(X)
Enter a fraction, integer, or exact decimal. Do not approximate
(b) Compute your expected net winnings for the game. Round your answer to the nearest cent.
(c) Is this game fair?
O Yes
O No
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