P(x)- 100.2- 50.15-10.110.30.1570.1a.) What is the expected payout?b.) Is it expected that a person playing this particular game will win money or lose money?O win money since the expected value is positiveo lose money since the expected value is negativec.) What is the standard deviation (round to four decimal places)?

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Answered: a.) What is the expected payout? b.) Is…

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.) What is the expected payout? b.) Is it expected that a person playing this particular game will win money or lose money? O win money since the expected value is positive o lose money since the expected value is negative c.) What is the standard deviation (round to four decimal places)?