4. P(X=1) S ~ 14.02 % = · 003192 Suppose you play a game of chance in which five numbers are chosen from 0, 1, 2, 3, 4, 5, 6, 7, 8, 9. A computer randomly selects five numbers from zero to nine with replacement. You pay $2 to play and could profit $100,000 if you match all five numbers in order (you get your $2 back plus $100,000). Over the long term, what is your expected profit of playing the game? Let X= the amount of money you profit. Are you expected to win or lose? What is the probability of selecting one correct number? good of sabiosb ab pao ogledo's a Win istw X P(X) orele to 150 rd or gr 20 TH d to cor 108 Loss In
4. P(X=1) S ~ 14.02 % = · 003192 Suppose you play a game of chance in which five numbers are chosen from 0, 1, 2, 3, 4, 5, 6, 7, 8, 9. A computer randomly selects five numbers from zero to nine with replacement. You pay $2 to play and could profit $100,000 if you match all five numbers in order (you get your $2 back plus $100,000). Over the long term, what is your expected profit of playing the game? Let X= the amount of money you profit. Are you expected to win or lose? What is the probability of selecting one correct number? good of sabiosb ab pao ogledo's a Win istw X P(X) orele to 150 rd or gr 20 TH d to cor 108 Loss In
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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Question
Transcribed Image Text:4.
P(X=1)
S
~ 14.02 %
= · 003192
Suppose you play a game of chance in which five numbers are chosen from 0, 1,
2, 3, 4, 5, 6, 7, 8, 9. A computer randomly selects five numbers from zero to nine with
replacement. You pay $2 to play and could profit $100,000 if you match all five numbers
in order (you get your $2 back plus $100,000). Over the long term, what is your
expected profit of playing the game? Let X= the amount of money you profit. Are you
expected to win or lose?
What is the probability of selecting one correct number?
good of sabiosb
ab pao ogledo's a
Win
istw
X
P(X)
orele to 150
rd or gr
20
TH
d to cor
108
Loss In
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