Question

# (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?

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