Probability Distribution In a game of chance, players draw one cube out of a bag containing 3 red cubes, 2 white cubes, and 1 blue cube. The player wins $5 if a blue cube is drawn, the player loses $2 if a white cube is drawn. If a red cube is drawn, the player does not win or lose anything. a. Create a table that shows the probability distribution for the amount of money a player will win or lose when playing this game. b. Draw a graph of the probability distribution you created in part a.
Probability Distribution In a game of chance, players draw one cube out of a bag containing 3 red cubes, 2 white cubes, and 1 blue cube. The player wins $5 if a blue cube is drawn, the player loses $2 if a white cube is drawn. If a red cube is drawn, the player does not win or lose anything. a. Create a table that shows the probability distribution for the amount of money a player will win or lose when playing this game. b. Draw a graph of the probability distribution you created in part a.
Solution Summary: The author determines the probability distribution function for the amount of money the player will win or loose.
Probability Distribution In a game of chance, players draw one cube out of a bag containing 3 red cubes, 2 white cubes, and 1 blue cube. The player wins
$5
if a blue cube is drawn, the player loses
$2
if a white cube is drawn. If a red cube is drawn, the player does not win or lose anything.
a. Create a table that shows the probability distribution for the amount of money a player will win or lose when playing this game.
b. Draw a graph of the probability distribution you created in part a.
Definition Definition Probability of occurrence of a continuous random variable within a specified range. When the value of a random variable, Y, is evaluated at a point Y=y, then the probability distribution function gives the probability that Y will take a value less than or equal to y. The probability distribution function formula for random Variable Y following the normal distribution is: F(y) = P (Y ≤ y) The value of probability distribution function for random variable lies between 0 and 1.
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