The probability distribution model of winning a gambling game is given as: X P(X) $40 1/1/00 $0 5 36 -$10 25 36 Find the standard deviation of prospective winnings. (Round to two decimal points and write in XX.XX format.)
The probability distribution model of winning a gambling game is given as: X P(X) $40 1/1/00 $0 5 36 -$10 25 36 Find the standard deviation of prospective winnings. (Round to two decimal points and write in XX.XX format.)
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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![The probability distribution model of winning a gambling game is given as:
\[
\begin{array}{|c|c|c|c|}
\hline
X & \$40 & \$0 & -\$10 \\
\hline
P(X) & \frac{1}{6} & \frac{5}{36} & \frac{25}{36} \\
\hline
\end{array}
\]
Find the standard deviation of prospective winnings. (Round to two decimal points and write in XX.XX format.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F16008139-d6e2-4ae2-b2fa-8f3b60dc6bfa%2F07529170-955a-4cc7-b350-0b88691d1262%2F7ljxka6_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The probability distribution model of winning a gambling game is given as:
\[
\begin{array}{|c|c|c|c|}
\hline
X & \$40 & \$0 & -\$10 \\
\hline
P(X) & \frac{1}{6} & \frac{5}{36} & \frac{25}{36} \\
\hline
\end{array}
\]
Find the standard deviation of prospective winnings. (Round to two decimal points and write in XX.XX format.)
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Transcribed Image Text:**Probability Distribution Model for Gambling Game Winnings**
The probability distribution model of winning a gambling game is described below:
| **X** | $40 | $0 | -$10 |
|------------|---------------|---------------|--------------|
| **P(X)** | \(\frac{1}{6}\) | \(\frac{5}{36}\) | \(\frac{25}{36}\) |
**Task:**
Find the expected value of prospective winnings. (Round to two decimal points and write in 0.XX format.)
Solution
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