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 $5. 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. Probability Distribution Table X P(X) b. Find the expected profit. $ (Round to the nearest cent) c. Interpret the expected value. If you play many games you will likely win on average very close to $2.17 per game. | This is the most likely amount of money you will win. 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 $18. If you roll a 4 or 5, you win $5. 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. Probability Distribution Table X P(X) b. Find the expected profit. $ (Round to the nearest cent) c. Interpret the expected value. If you play many games you will likely win on average very close to $2.17 per game. | This is the most likely amount of money you will win. You will win this much if you play a game.

Name: Suppose that you are offered the following "deal." You rolla six side
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Description: Suppose that you are offered the following "deal." You rolla six sided die. If you roll a 6, you win $18. If you roll a 4or 5, you win $5. Otherwise, you pay $5.a. Complete the PDF Table. List the X values, where X isthe profit, from smallest to lar

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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Concept explainers

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.

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Question

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 $5. 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.
Probability
Distribution Table
P(X)
b. Find the expected profit. $
(Round to the
nearest cent)
c. Interpret the expected value.
If you play many games you will likely win on
average very close to $2.17 per game.
This is the most likely amount of money you will
win.
You will win this much if you play a game.

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