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A ping pong ball Is drawn at random from an urn consisting of balls numbered 4 through 9. A player wins $1.5 If the number on the ball is odd and loses $0.5 If the number Is even. Let x be the amount of money a player will win/lose when playing this game, where x Is negative when the player loses money.

A ping pong ball Is drawn at random from an urn consisting of balls numbered 4 through 9. A player wins $1.5 If the number on the ball is odd and loses $0.5 If the number Is even. Let x be the amount of money a player will win/lose when playing this game, where x Is negative when the player loses money.

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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A ping pong ball Is drawn at random from an urn consisting of balls numbered 4 through 9. A player wins $1.5 If the number on the ball is odd and loses $0.5 if the number Is even. Let x be the amount of money a player will win/lose when playing this game, where x Is negative when the player loses money. (a) Construct the probablity distribution table for this game. Round your answers to two decimal places. Outcome Probability P(x) (b) What is the expected value of player's winnings? Round to the nearest hundreth. (C) Interpret the meaning of the expected value in the context of this problem.
Transcribed Image Text:A ping pong ball Is drawn at random from an urn consisting of balls numbered 4 through 9. A player wins $1.5 If the number on the ball is odd and loses $0.5 if the number Is even. Let x be the amount of money a player will win/lose when playing this game, where x Is negative when the player loses money. (a) Construct the probablity distribution table for this game. Round your answers to two decimal places. Outcome Probability P(x) (b) What is the expected value of player's winnings? Round to the nearest hundreth. (C) Interpret the meaning of the expected value in the context of this problem.
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