Q 51. Coin Game: You and your two friends play the following coin game: You each flip a fair dime once - tails) different from the other two people, that erson pays the others $1 each. If all three of you get the same outcome, no one wins or loses any money. Let W be your winnings (in $) from this game. if one person gets an outcome (heads or a) Find the probability mass function for W and display in table form. Show your work and justify. Hint: first, write out the sample space. b) Find the mean of W and interpret your answwer in terms of the game. Show your calculations and then circle your final answer. c) Now, you and your friends roll a fair die. Then you play the above coin tossing game. If the die shows an odd umber, then the person who gets an outcome (heads or tails) different from the other two people will pay each of the others $1. If the die shows an even number, then the person who gets an outcome (heads or tails) different from the other two people will pay each of the others $2. If all three of you get the same outcome, no one wins or loses any money. Suppose you do not win or lose anything from this game. WVhat is the probability that the die showed an even number? Show your work, name any theorems/methods you use, and then circle your final answer.

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
Topic Video
Question
Q 51. Coin Game: You and your two friends play the following coin game:
You each flip a fair dime once -
tails) different from the other two people, that erson pays the others $1
each. If all three of you get the same outcome, no one wwins or loses any
money. Let W be your winnings (in $) from this game.
f one person gets an outcome (heads or
a) Find the probability mass function for Il and display in table form.
Show your work and justify. Hint: first, write out the sample space.
b) Find the mean of W and interpret vour auswer in terus of the game.
Show your calculations and then eircle your final answer.
c) Now, vou and your friends roll a fair die. Then you play the above coin tossing game.
If the die shows an odd umber, then the person who gets an outcome (heads or tails)
different from the other two people will pay cach of the others $1. If the die shows
an even number, then the person who gets an outcome (heads or tails) different from
the other two people will pay each of the others $2. If all three of you get the same
outcome. no one wins or loses anIV money.
Suppose you do not win or lose anything from this game. What is the probability that
the die showed an even number? Show your work, name any theorems/methods you
use, and then circle your final answer.
Transcribed Image Text:Q 51. Coin Game: You and your two friends play the following coin game: You each flip a fair dime once - tails) different from the other two people, that erson pays the others $1 each. If all three of you get the same outcome, no one wwins or loses any money. Let W be your winnings (in $) from this game. f one person gets an outcome (heads or a) Find the probability mass function for Il and display in table form. Show your work and justify. Hint: first, write out the sample space. b) Find the mean of W and interpret vour auswer in terus of the game. Show your calculations and then eircle your final answer. c) Now, vou and your friends roll a fair die. Then you play the above coin tossing game. If the die shows an odd umber, then the person who gets an outcome (heads or tails) different from the other two people will pay cach of the others $1. If the die shows an even number, then the person who gets an outcome (heads or tails) different from the other two people will pay each of the others $2. If all three of you get the same outcome. no one wins or loses anIV money. Suppose you do not win or lose anything from this game. What is the probability that the die showed an even number? Show your work, name any theorems/methods you use, and then circle your final answer.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Discrete Probability Distributions
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
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