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(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
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
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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