Salomé is offered to place a $10 bet on a certain event the probability of which happening is estimated to be 70%. In case of the event occurring Salomé will receive a total of $20. Let XX be the Salomé's winnings from the bet. Answer the following questions: 1. Create the probability distribution table for XX : XX outcome payoff xx ,$ P(X=x)P(X=x) win loss 2. Use the probability distribution table to find the following: E[X]=μX=E[X]=μX= dollars. (Round the answer to 2 decimal places.) SD[X]=σX=SD[X]=σX= dollars. (Round the answer to 1 decimal place.)
Salomé is offered to place a $10 bet on a certain event the probability of which happening is estimated to be 70%. In case of the event occurring Salomé will receive a total of $20. Let XX be the Salomé's winnings from the bet. Answer the following questions: 1. Create the probability distribution table for XX : XX outcome payoff xx ,$ P(X=x)P(X=x) win loss 2. Use the probability distribution table to find the following: E[X]=μX=E[X]=μX= dollars. (Round the answer to 2 decimal places.) SD[X]=σX=SD[X]=σX= dollars. (Round the answer to 1 decimal place.)
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Salomé is offered to place a $10 bet on a certain
1. Create the probability distribution table for XX :
XX | outcome | payoff xx ,$ | P(X=x)P(X=x) |
win | |||
loss |
2. Use the probability distribution table to find the following:
-
- E[X]=μX=E[X]=μX= dollars. (Round the answer to 2 decimal places.)
- SD[X]=σX=SD[X]=σX= dollars. (Round the answer to 1 decimal place.)
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