Q3) A player at a fair pays Rs. 100 to roll a dice. The player receives Rs. 50 if the number of dots facing up is equal to 5, Rs. 200 if the number is 6, but nothing otherwise. Find the expected value of the reward Y. What is the expected value of the gain? Find out the standard deviation of Y.

Q3) A player at a fair pays Rs. 100 to roll a dice. The player receives Rs. 50 if the number of dots facing up is equal to 5, Rs. 200 if the number is 6, but nothing otherwise. Find the expected value of the reward Y. What is the expected value of the gain? Find out the standard deviation of Y.

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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Q3) A player at a fair pays Rs. 100 to roll a dice. The player receives Rs. 50 if the number
of dots facing up is equal to 5, Rs. 200 if the number is 6, but nothing otherwise. Find the
expected value of the reward Y. What is the expected value of the gain? Find out the
standard deviation of Y.

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