Suppose you model a game of chance with a discrete probability distribution. Let X be the net amount of money or lost by the player. Let pX be the probability of the corresponding outcome. The three events are as follows: There is a 23% chance the player wins 7 dollars. there is a 38% chance the player loses 4 dollars. there is a 39% chance the player breaks even. COMPLETE THE TABLE BELOW TO MODEL THE SCENARIO X            PX)

MATLAB: An Introduction with Applications
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Suppose you model a game of chance with a discrete probability distribution. Let X be the net amount of money or lost by the player. Let pX be the probability of the corresponding outcome. The three events are as follows:

There is a 23% chance the player wins 7 dollars.

there is a 38% chance the player loses 4 dollars.

there is a 39% chance the player breaks even.

COMPLETE THE TABLE BELOW TO MODEL THE SCENARIO

X            PX)

Expert Solution
Step 1

Given that 

Let X denotes the net amount of money or lost by player..

And P(X) be the corresponding probabilities: 

23% Chance the player wins 7$ 

38% Chance the player losses 4 dollars 

39% Chance the player breaks even 

 

We have to find the probability distribution based on the given data

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