Suppose that you are offered the following "deal." You roll a six sided die. If you roll a 6, you win $9. If you rolla 2, 3, 4 or 5, you win $2. Otherwise, you pay $6.a. Complete the PDF Table. List the X values, where X is the profit, from smallest to largest. Round to 4decimal places where appropriate.ProbabilityDistribution TableP(X)b. Find the expected profit. $(Round to the nearest cent)c. Interpret the expected value.This is the most likely amount of money you will win.OIf you play many games you will likely win on average very close to $1.83 per game.You will win this much if you play a game.d. Based on the expected value, should you play this game?Yes, because you can win $9.00 which is greater than the $6.00 that you can lose.Yes, since the expected value is positive, you would be very likely to come home with more money ifyou played many games.No, this is a gambling game and it is always a bad idea to gamble.No, since the expected value is negative, you would be very likely to come home with less money if youplayed many games.O Yes, since the expected value is 0, you would be very likely to come very close to breaking even if youplayed many games, so you might as well have fun at no cost.Hint:Hint ahabits-ged Pelf 7-PACES17,164NOVétvW16MacBook Air

a. Complete the PDF Table. List the X values, where X is the profit, from smallest to largest. Round to 4 decimal places where appropriate. Probability Distribution Table P(X) b. Find the expected profit. $ (Round to the nearest cent) c. Interpret the expected value. This is the most likely amount of money you will win. If you play many games you will likely win on average very close to $1.83 per game. O You will win this much if you play a game.

a. Complete the PDF Table. List the X values, where X is the profit, from smallest to largest. Round to 4 decimal places where appropriate. Probability Distribution Table P(X) b. Find the expected profit. $ (Round to the nearest cent) c. Interpret the expected value. This is the most likely amount of money you will win. If you play many games you will likely win on average very close to $1.83 per game. O You will win this much if you play a game.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

Suppose that you are offered the following "deal." You roll a six sided die. If you roll a 6, you win $16. If you roll a 4 or 5, you win $1. Otherwise, you pay $2. a. Complete the PDF Table. List the X values, where X is the profit, from smallest to largest. Round to 4 decimal places where appropriate. Probability Distribution Table X P(X) b. Find the expected profit. $ (Round to the nearest cent) c. Interpret the expected value. You will win this much if you play a game. If you play many games you will likely win on average very close to $2.00 per game. This is the most likely amount of money you will win. d. Based on the expected value, should you play this game? Yes, since the expected value is 0, you would be very likely to come very close to breaking even if you played many games, so you might as well have fun at no cost. No, since the expected value is negative, you would be very likely to come home with less money if you played many games. Yes, since the expected…
Suppose that you are offered the following "deal." You roll a six sided die. If you roll a 6, you win $15. If you roll a 4 or 5, you win $4. Otherwise, you pay $2. a. Complete the PDF Table. List the X values, where X is the profit, from smallest to largest. Round to 4 decimal places where appropriate. Probability Distribution Table X P(X) b. Find the expected profit. $ (Round to the nearest cent) c. Interpret the expected value. O This is the most likely amount of money you will win. If you play many games you will likely win on average very close to $2.83 per game. O You will win this much if you play a game. d. Based on the expected value, should you play this game? Yes, since the expected value is positive, you would be very likely to come home with more money if you played many games. No, this is a gambling game and it is always a bad idea to gamble. Yes, because you can win $15.00 which is greater than the $2.00 that you can lose. No, since the expected value is negative, you…
Suppose that you are offered the following "deal." You roll a six sided die. If you roll a 6, you win $18. If you roll a 2, 3, 4 or 5, you win $1. Otherwise, you pay $5. a. Complete the PDF Table. List the X values, where X is the profit, from smallest to largest. Round to 4 decimal places where appropriate. Probability Distribution Table P(X) b. Find the expected profit. S (Round to the nearest cent) c. Interpret the expected value. You will win this much if you play a game. O If you play many games you will likely win on average very close to $2.83 per game. O This is the most likely amount of money you will win.
Write the binomial probability and the normal probability for the shaded region of the graph. Find the value of each probability and compare the results. Write the normal probability for the shaded region of the graph and find its value. Select the correct choice below and fill in the answer box within your choice. (Round to four decimal places as needed.) A. P(3≤x≤7)=P(2.5≤x≤7.5)=nothing B. P(3
The probability model below describes the number of repair calls that an appliance repair shop may receive during an hour. Repair Calls 1 4. Probability .3 13 .2 .1 Enter your answer for the the missing value in the table indicated by "?".
Need help please with this!
In the accompanying table, the random variable x represents the number of televisions in a household in a certain country. Determine whether or not the table is a probability distribution. If it is a probability distribution, find its mean and standard deviation.LOADING... Click the icon to view the data.Question content area bottomPart 1If the table is a probability distribution, what is its mean? Select the correct choice below and fill in any answer boxes within your choice.A.Its mean is enter your response here.(Round to the nearest tenth as needed.)B.The table is not a probability distribution.Part 2If the table is a probability distribution, what is its standard deviation? Select the correct choice below and fill in any answer boxes within your choice.A.Its standard deviation is enter your response here.(Round to the nearest tenth as needed.)B.The table is not a probability distribution.xP(x)00.0210.1720.2430.2540.1850.14
The table gives percentages for results of flipping five coins. Complete parts (a) through (c) below. E Click here to view the table. a. What is the probability that all five tosses are the same (all heads or tails)? Data Table The probability is| (Simplify your answer.) b. What is the probability that the five tosses are not all the same? Result Probability (Simplify your answer.) The probability is O heads, 5 tails 32 c. What is the probability of getting four heads and one tail when you toss five coins at once? 1 head, 4 tails 32 The probability is (Simplify your answer.) 2 heads, 3 tails 16 5 3 heads, 2 tails 16 4 heads, 1 tail 32 5 heads, 0 tails 32
Suppose that you are offered the following "deal." You roll a six sided die. If you roll a 6, you win $15. If you roll a 3, 4 or 5, you win $1. Otherwise, you pay $10. a. Complete the PDF Table. List the X values, where X is the profit, from smallest to largest. Round to 4 decimal places where appropriate. Probability Distribution Table X P(X) b. Find the expected profit. $ (Round to the nearest cent) c. Interpret the expected value. This is the most likely amount of money you will win. O If you play many games you will likely lose on average very close to $0.33 per game. O You will win this much if you play a game. d. Based on the expected value, should you play this game? O No, this is a gambling game and it is always a bad idea to gamble. O Yes, since the expected value is positive, you would be very likely to come home with more money if you played many games. O Yes, because you can win $15.00 which is greater than the $10.00 that you can lose. O Yes, since the expected value is 0,…
need hekp with this, please!
The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $6 each and will sell 900 tickets. There is one $1,000 grand prize, three $500 second prizes, and fifteen $30 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent. Question Help: Written Example > Next Question %23 44 F1 19 23 14 F6 F7 F10 %23 24 &. 2 4. 8. 9. Q Y U A S D K Z V M option command .. •- JI B w/
Suppose that you are offered the following "deal." You roll a six sided die. If you roll a 6, you win $7. If you roll a 4 or 5, you win $2. Otherwise, you pay $8.a. Complete the PDF Table. List the X values, where X is the profit, from smallest to largest. Round to 4 decimal places where appropriate. Probability Distribution Table X P(X) b. Find the expected profit. $ (Round to the nearest cent)c. Interpret the expected value. If you play many games you will likely lose on average very close to $2.17 per game. You will win this much if you play a game. This is the most likely amount of money you will win. d. Based on the expected value, should you play this game? No, since the expected value is negative, you would be very likely to come home with less money if you played many games. Yes, since the expected value is positive, you would be very likely to come home with more money if you played many games. Yes, since the expected value is 0, you would be…