Practice Activity 2 Game of Chance Problem (A Roulette Wheel) A roulette wheel in a fiesta carival has the numbers 1 through 30. If you bet P5.00 you will have a chance to win a prepaid load worth P100.00. Let X denote the net gain for a bet. a. Complete the table below showing the probability distribution of X. | 95 P(x) |-5 b. Find the expectation if you play a bet and interpret the result. E(x) = Interpretation: c. How much the organizer will earn if 100 games will be played such that each number has a bet of P5.00? (Hint: Compute for the net gain of the organizer per game and multiply it by 100)

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Practice Activity 2
Game of Chance Problem (A Roulette Wheel)
A roulette wheel in a fiesta carnival has the numbers 1 through 30. If you bet
P5.00 you will have a chance to win a prepaid load worth P100.00. Let X denote the
net gain for a bet.
a. Complete the table below showing the probability distribution of X.
95
|-5
P(x)
b. Find the expectation if you play a bet and interpret the result.
E(x) =
Interpretation:
c. How much the organizer will ecarn if 100 games will be played such that each
number has a bet of P5.00?
(Hint: Compute for the net gain of the organizer per game and multiply it
by 100)
Transcribed Image Text:Practice Activity 2 Game of Chance Problem (A Roulette Wheel) A roulette wheel in a fiesta carnival has the numbers 1 through 30. If you bet P5.00 you will have a chance to win a prepaid load worth P100.00. Let X denote the net gain for a bet. a. Complete the table below showing the probability distribution of X. 95 |-5 P(x) b. Find the expectation if you play a bet and interpret the result. E(x) = Interpretation: c. How much the organizer will ecarn if 100 games will be played such that each number has a bet of P5.00? (Hint: Compute for the net gain of the organizer per game and multiply it by 100)
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