Suppose that you are offered the following "deal." You roll a six sided die. If you roll a 6, you win $17. If youroll a 4 or 5, you win $2. Otherwise, you pay $9.a Completehe PDF Table. List the X values, where X is the profit. from smallest to largest. Round to 4decimal places where appropriate.ProbabilityDistribution TableP(X)$$$b. Fine expected profit. $(Round to the nearest cent)Interpret the expected value.This is the most likely amount of money you will win.f you play many games you will tikely lose on average very close to $1.00 per game.You will win this much if you play a game.d. Based on the expected value, should you play this game?No, since the expected value is negative, you would be very likely to come home with less money if youplayed many games.Yes, since the expected value is positive, you would be very likely to come home with more money ifyou played many games.Yes, since the expected value is 0, you would be very likely to come very close to breaking even if youplayed many games, so you might as well have fun at no cost.No, this is a gambling game and it is always a bad idea to gamble.Yes, because you can win $17.00 which is greater than the $9.00 that you can lose.

Name: Suppose that you are offered the following "deal." You roll a six sid
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Description: Suppose that you are offered the following "deal." You roll a six sided die. If you roll a 6, you win $17. If youroll a 4 or 5, you win $2. Otherwise, you pay $9.a Completehe PDF Table. List the X values, where X is the profit. from smallest to larg

The outcome of roiling a die is 1, 2, 3, 4, 5, and 6, where each outcome has probability of 1/6.

Math

Statistics

Suppose that you are offered the following "deal." You roll a six sided die. If you rolla 6, you win $17. If you roll a 4 or 5, you win $2. Otherwise, you pay $9. nofit from smallest to largest. Round to 4 a Completehe PDF Table. List the X value decimal plaees where appropriate. Probability Distribution Table X P(X) 24 b. e expected profit. $ (Round to the nearest cent) C Interpret the expected value. This is the most likely amount of money you will win. Ymany games you witt tikety lose on average very close to $1.00 per game. You will win this much if you ptay a game. d. Based on the expected value, should you play this game? No, since the expected value is negative, you would be very likely to come home with less money if you played many games. Yes, since the expected value is positive, you would be very likely to come home with more money if you played many games. Yes, since the expected value is 0, you would be very likely to come very close to breaking even if you played many games, so you might as well have fun at no cost. No, this is a gambling game and it is always a bad idea to gamble. Yes, because you can win $17.00 which is greater than the $9.00 that you can lose.

Suppose that you are offered the following "deal." You roll a six sided die. If you rolla 6, you win $17. If you roll a 4 or 5, you win $2. Otherwise, you pay $9. nofit from smallest to largest. Round to 4 a Completehe PDF Table. List the X value decimal plaees where appropriate. Probability Distribution Table X P(X) 24 b. e expected profit. $ (Round to the nearest cent) C Interpret the expected value. This is the most likely amount of money you will win. Ymany games you witt tikety lose on average very close to $1.00 per game. You will win this much if you ptay a game. d. Based on the expected value, should you play this game? No, since the expected value is negative, you would be very likely to come home with less money if you played many games. Yes, since the expected value is positive, you would be very likely to come home with more money if you played many games. Yes, since the expected value is 0, you would be very likely to come very close to breaking even if you played many games, so you might as well have fun at no cost. No, this is a gambling game and it is always a bad idea to gamble. Yes, because you can win $17.00 which is greater than the $9.00 that you can lose.

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.

Topic Video

Question

Suppose that you are offered the following "deal." You roll a six sided die. If you roll a 6, you win $17. If you
roll a 4 or 5, you win $2. Otherwise, you pay $9.
a Completehe 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. Fin
e expected profit. $
(Round to the nearest cent)
Interpret the expected value.
This is the most likely amount of money you will win.
f you play many games you will tikely lose on average very close to $1.00 per game.
You will win this much if you play a game.
d. Based on the expected value, should you play this game?
No, since the expected value is negative, you would be very likely to come home with less money if you
played many games.
Yes, since the expected value is positive, you would be very likely to come home with more money if
you played many games.
Yes, since the expected value is 0, you would be very likely to come very close to breaking even if you
played many games, so you might as well have fun at no cost.
No, this is a gambling game and it is always a bad idea to gamble.
Yes, because you can win $17.00 which is greater than the $9.00 that you can lose.

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