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Suppose that you are offered the following "deal." You roll a six sided die. If you roll a 6, you win 515. If you roll a 2, 3, 4 or 5, you win 55. Otherwise, you pay $7. 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 X P(X) Table (Round to the nearest cent) b. Find the expected profit. S c. Interpret the expected value. O This is the most likely amount of money you will win Oif you play many games you will likely win on average very close to $4.67 per game. O You will win this much if you play a game..

Suppose that you are offered the following "deal." You roll a six sided die. If you roll a 6, you win 515. If you roll a 2, 3, 4 or 5, you win 55. Otherwise, you pay $7. 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 X P(X) Table (Round to the nearest cent) b. Find the expected profit. S c. Interpret the expected value. O This is the most likely amount of money you will win Oif you play many games you will likely win on average very close to $4.67 per game. O You will win this much if you play a game..

MATLAB: An Introduction with Applications
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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Suppose that you are offered the following "deal." You roll a six sided die. If you roll a 6, you win 515. If you roll a 2, 3, 4 or 5, you win 55. Otherwise, you pay $7. 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 P(X) Table b. Find the expected profit. S c. Interpret the expected value. O This is the most likely amount of money you will win. Oif you play many games you will likely win on average very close to $4.67 per game. O You will win this much if you play a game. (Round to the nearest cent)
Transcribed Image Text:Suppose that you are offered the following "deal." You roll a six sided die. If you roll a 6, you win 515. If you roll a 2, 3, 4 or 5, you win 55. Otherwise, you pay $7. 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 P(X) Table b. Find the expected profit. S c. Interpret the expected value. O This is the most likely amount of money you will win. Oif you play many games you will likely win on average very close to $4.67 per game. O You will win this much if you play a game. (Round to the nearest cent)
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