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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.

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
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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**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
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Step 1: Solution:

Let X: The amount of the profi. 

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





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