(a)let x be the discrete random variable representing the amount of money won in a given roll. define probability
distribution of x, p(x).
(b)What is the mean, or expected value of x? Interpret your results in terms of how you will fair playing the game in the long run.
(c)What is the standard deviation of x ?
(d)Now consider changing the amount of money won in the event of rolling snake eyes. What amount of money would ensure that in the long-run you break even?
Recently Asked Questions
- A two-sided coin is unfairly weighted so that when it is tossed, the probability that heads will result is twice the probability that tails will result. If the
- What is the probability of rolling a 6 with a pair of dice? a. 4/36 b. 6/36 c. 3/36 d. 5/36
- Simulations are used to determine the probability of an event in all of the following situationsexcept for: a.when the theoretical probability is impossible to