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Probability
Number of possible outcomes for rolling three dice is P(even) = P(3,5,15,or 17) = P(7,9,11,or 13) =

Number of possible outcomes for rolling three dice is P(even) = P(3,5,15,or 17) = P(7,9,11,or 13) =

A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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You play a dice game rolling three dice and summing the roll. It cost $ 2.00 to roll the dice. If you roll an even number you get to roll again If you roll a 3,5,15,or 17 you win $ 8.00 If you roll a 7,9,11,or 13 you lose your$ 2.00 let X = the payout of the dice game (there are three outcomes to the dice game) Number of possible outcomes for rolling three dice is P(even) = P(3,5,15,or 17) = P(7,9,11,or 13) = x=payout P(x) x· P(x) (x-μ)². P(x) Push $0.00 Win $ 8.00 lose $ 2.00 sums What is the average long term winnings? What is the long term standard deviation of winning? Submit Question acer
Transcribed Image Text:You play a dice game rolling three dice and summing the roll. It cost $ 2.00 to roll the dice. If you roll an even number you get to roll again If you roll a 3,5,15,or 17 you win $ 8.00 If you roll a 7,9,11,or 13 you lose your$ 2.00 let X = the payout of the dice game (there are three outcomes to the dice game) Number of possible outcomes for rolling three dice is P(even) = P(3,5,15,or 17) = P(7,9,11,or 13) = x=payout P(x) x· P(x) (x-μ)². P(x) Push $0.00 Win $ 8.00 lose $ 2.00 sums What is the average long term winnings? What is the long term standard deviation of winning? Submit Question acer
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