00 Suppose that you are offered the following "deal." You roll a six sided die. If you roll a 6, you win $13. If you roll a 4 or 5, you win $5. Otherwise, you pay $6. a. Complete the PDF Table. List the X values, where X is the profit, from smallest to largest. Round to 4 decimal places where appropriate. Probability Distribution Table (X)) 5. Enter an integer or decimal number [more..] b. Find the expected profit. $ (Round to the nearest cent) c. Interpret the expected value. This is the most likely amount of money you will win. You will win this much if you play a game. If you play many games you will likely win on average very close to $0.83 per game. d. Based on the expected value, should you play this game? Yes, since the expected value is positive, you would be very likely to come home with more money if you played many games. Cハpot ou Okay We #3 24 i 5. E. tab A D lock C. B.
00 Suppose that you are offered the following "deal." You roll a six sided die. If you roll a 6, you win $13. If you roll a 4 or 5, you win $5. Otherwise, you pay $6. a. Complete the PDF Table. List the X values, where X is the profit, from smallest to largest. Round to 4 decimal places where appropriate. Probability Distribution Table (X)) 5. Enter an integer or decimal number [more..] b. Find the expected profit. $ (Round to the nearest cent) c. Interpret the expected value. This is the most likely amount of money you will win. You will win this much if you play a game. If you play many games you will likely win on average very close to $0.83 per game. d. Based on the expected value, should you play this game? Yes, since the expected value is positive, you would be very likely to come home with more money if you played many games. Cハpot ou Okay We #3 24 i 5. E. tab A D lock C. B.
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
![00
Suppose that you are offered the following "deal." You roll a six sided die. If you roll a 6, you win $13. If you
roll a 4 or 5, you win $5. Otherwise, you pay $6.
a. Complete the PDF Table. List the X values, where X is the profit, from smallest to largest. Round to 4
decimal places where appropriate.
Probability Distribution
Table
(X))
5.
Enter an integer or decimal number [more..]
b. Find the expected profit. $
(Round to the nearest cent)
c. Interpret the expected value.
This is the most likely amount of money you will win.
You will win this much if you play a game.
If you play many games you will likely win on average very close to $0.83 per game.
d. Based on the expected value, should you play this game?
Yes, since the expected value is positive, you would be very likely to come home with more money if
you played many games.
Cハpot ou
Okay
We
#3
24
i
5.
E.
tab
A
D
lock
C.
B.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F05652ac1-f691-4599-b6ba-243077e1d927%2F6f2e6f69-1662-4477-92b6-b9a80c2c6c2e%2F9zg56cf.jpeg&w=3840&q=75)
Transcribed Image Text:00
Suppose that you are offered the following "deal." You roll a six sided die. If you roll a 6, you win $13. If you
roll a 4 or 5, you win $5. Otherwise, you pay $6.
a. Complete the PDF Table. List the X values, where X is the profit, from smallest to largest. Round to 4
decimal places where appropriate.
Probability Distribution
Table
(X))
5.
Enter an integer or decimal number [more..]
b. Find the expected profit. $
(Round to the nearest cent)
c. Interpret the expected value.
This is the most likely amount of money you will win.
You will win this much if you play a game.
If you play many games you will likely win on average very close to $0.83 per game.
d. Based on the expected value, should you play this game?
Yes, since the expected value is positive, you would be very likely to come home with more money if
you played many games.
Cハpot ou
Okay
We
#3
24
i
5.
E.
tab
A
D
lock
C.
B.
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