Suppose there is a game in which a dice is used. The player earns 20 dollars if face 2 appears, 40 dollars if face 4 appears, and loses 30 dollars if face 6 appears, while he neither loses nor wins if any other face appears. So what is the expectation of the amount that he won and the variation of the game? μ = 6,² =459.3 ( p=5,0²458.3 ( u=8.0²=448.3 (3) c) 462.3= 2,7 = n

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
icon
Related questions
Question
Suppose there is a game in which a dice is used. The player earns 20 dollars if face 2 appears, 40 dollars if face 4
appears, and loses 30 dollars if face 6 appears, while he neither loses nor wins if any other face appears. So what is the expectation
of the amount that he won and the variation of the game?
μ = 6,² = 459.3 (
3
μ = 5,0²458.3 (
μ = 8.0² = 448.3 (3)
c) 462.3 = 2,7 = n
Transcribed Image Text:Suppose there is a game in which a dice is used. The player earns 20 dollars if face 2 appears, 40 dollars if face 4 appears, and loses 30 dollars if face 6 appears, while he neither loses nor wins if any other face appears. So what is the expectation of the amount that he won and the variation of the game? μ = 6,² = 459.3 ( 3 μ = 5,0²458.3 ( μ = 8.0² = 448.3 (3) c) 462.3 = 2,7 = n
Expert Solution
steps

Step by step

Solved in 3 steps with 1 images

Blurred answer
Recommended textbooks for you
A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability
A First Course in Probability
Probability
ISBN:
9780321794772
Author:
Sheldon Ross
Publisher:
PEARSON