Suppose that you are offered the following "deal." You roll a six sided die. If you roll a 6, you win $15. If you roll a 3, 4 or 5, you win $3. 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. X P(X) ? ? ? ? ? ? b. Find the expected profit. $ (Round to the nearest cent) ?
Suppose that you are offered the following "deal." You roll a six sided die. If you roll a 6, you win $15. If you roll a 3, 4 or 5, you win $3. 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. X P(X) ? ? ? ? ? ? b. Find the expected profit. $ (Round to the nearest cent) ?
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 $15. If you roll a 3, 4 or 5, you win $3. Otherwise, you pay $7.
a. Complete the
X | P(X) |
---|---|
? | ? |
? | ? |
? | ? |
b. Find the expected profit. $ (Round to the nearest cent) ?
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