Suppose that you are offered the following "deal." You roll a six sided die. If you roll a 6, you win $18. If you roll a 4 or 5, you win $4. Otherwise, you pay $5.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. XP(X) 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.If you play many games you will likely win on average very close to $1.83 per game.You will win this much if you play a game.

Given : If 6 comes, 18$ win If 4 or 5 comes, 4$ win Lose 5$ if anyother outcomes.

Answered: Suppose that you are offered the…

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 $18. If you roll a 4 or 5, you win $4. Otherwise, you pay $5.

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)

c. Interpret the expected value.

This is the most likely amount of money you will win.
If you play many games you will likely win on average very close to $1.83 per game.
You will win this much if you play a game.

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