You walk into the Rolling Thunder Casino, and are immediately faced with a table that offers the followinggame: A player pays $2 to play. The player can win $ 2, $4, or $5 with probabilities 0.28, 0.08, and 0.03,respectively. A random variable X is to represent the players profit on a single play of the game.The partial probability distribution of X is provided.(a) P(X= 2)wwww.....23P(X= z) ? 0.28 0.08 0.03(b) Sketch the distribution of probabilities from (a), with the values of X on the x-axis and P(X = z) on the y-axis.E(X)(Use two decimals in your answer.)What can you say about the tendency of the random variable X? The distribution of X isSD(X)(c) Compute the expected value of X and the standard deviation of X.(use two decimals in your answer)(use two decimals in your answer)

If the player starts with $2 then the player can win are given below: x Probabilities $2 0.28…

Answered: You walk into the Rolling Thunder…

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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