Suppose you play a game with a spinner. You play each game by spinning the spinner once. P(red) = , P(blue) = and P(green) = . If you land on red, you pay $10. If you land on blue, you don't pay or win anything. If you land on %3D green, you win $10. Complete the following expected value table. P(x) 20 Red Blue Green 10

Suppose you play a game with a spinner. You play each game by spinning the spinner once. P(red) = , P(blue) = and P(green) = . If you land on red, you pay $10. If you land on blue, you don't pay or win anything. If you land on %3D green, you win $10. Complete the following expected value table. P(x) 20 Red Blue Green 10

Name: TRY IT 4.6Suppose you play a game with a spinner. You play each game
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Description: TRY IT 4.6Suppose you play a game with a spinner. You play each game by spinning the spinner once. P(red)음, P(blue) =D을,and P(green) =. If you land on red, you pay $10. If you land on blue, you don't pay or win anything. If you land ongreen, you win

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

TRY IT 4.6
Suppose you play a game with a spinner. You play each game by spinning the spinner once. P(red)
음, P(blue) =D을,
and P(green) =. If you land on red, you pay $10. If you land on blue, you don't pay or win anything. If you land on
green, you win $10. Complete the following expected value table.
P(x)
Red
20
Blue
Green
10
Table 4.11

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[item#12] Instructions: Kindly read the question carefully and provide answer correctly and completely. Otherwise, I will dislike your solution.
You purchase a brand new car for $17,000 and insure it. The policy pays 78% of the car's value if there is an issue with the engine or 30% of the car's value if there is an issue with the speaker system. The probability of an issue with the engine is 0.009, and the probability there is an issue with the speaker system is 0.02. The premium for the policy is p. Let X be the insurance company's net gain from this policy. (a) Create a probability distribution for X, using p to represent the premium on the policy. Enter the possible values of X in ascending order from left to right. X P(X)
You purchase a brand new car for $15,000 and insure it. The policy pays 78% of the car's value if there is an issue with the engine or 30% of the car's value if there is an issue with the speaker system. The probability of an issue with the engine is 0.009, and the probability there is an issue with the speaker system is 0.02. The premium for the policy is p. Let X be the insurance company's net gain from this policy. (a) Create a probability distribution for X, using p to represent the premium on the policy. Enter the possible values of X in ascending order from left to right. P(X) (b) Compute the minimum amount the insurance company will charge for this policy. Round your answer to the nearest cent
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