Bob is playing a game by fair die. If he rolls a 2. Bob win $200. If it is not a '2', he pays 520.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
Help me plzz
**Game Scenario:**

Bob is playing a game by rolling a fair die. If he rolls a '2', Bob wins $200. If it is not a '2', he pays $20.

**Question:**

Let \( X \) represent the amount of the profit. What is the standard deviation of \( X \)? (Choose the closest one)

**Options:**

- 23.9556
- 29.3116
- 35.2966
- 49.7214
- 53.0702
- 59.3191
Transcribed Image Text:**Game Scenario:** Bob is playing a game by rolling a fair die. If he rolls a '2', Bob wins $200. If it is not a '2', he pays $20. **Question:** Let \( X \) represent the amount of the profit. What is the standard deviation of \( X \)? (Choose the closest one) **Options:** - 23.9556 - 29.3116 - 35.2966 - 49.7214 - 53.0702 - 59.3191
Expert Solution
Step 1: Solution:

Let X: The amount of the profi. 

If Bob rolls 2 he will win $200, else he pays a $20.





steps

Step by step

Solved in 3 steps with 9 images

Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman