You went to casino and played a game. The game rules are : You pay a fee of $1 for each round The dealer gives you two card from deck of 52 cards. If you get a pair (e.g., 2 ace, 2 tens, 2 eight etc) you win $ 2. Find 1) Let x be the money you win in round one. what is PMF of random variable X 2) After playing 20 rounds what will be expected amount you will win 3)After playing 20 rounds what is Probability that you end of winning $0

You went to casino and played a game. The game rules are : You pay a fee of $1 for each round The dealer gives you two card from deck of 52 cards. If you get a pair (e.g., 2 ace, 2 tens, 2 eight etc) you win $ 2. Find 1) Let x be the money you win in round one. what is PMF of random variable X 2) After playing 20 rounds what will be expected amount you will win 3)After playing 20 rounds what is Probability that you end of winning $0

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...

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.

Question

You went to casino and played a game. The game rules are :

You pay a fee of $1 for each round

The dealer gives you two card from deck of 52 cards.

If you get a pair (e.g., 2 ace, 2 tens, 2 eight etc) you win $ 2.

Find

1) Let x be the money you win in round one. what is PMF of random variable X

2) After playing 20 rounds what will be expected amount you will win

3)After playing 20 rounds what is Probability that you end of winning $0

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