When betting on the pass line in the dice game of craps at the Mohegan Sun casino

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When betting on the pass line in the dice game of craps at the Mohegan Sun casino in Connecticut, the table lists the probabilities for the number of bets that must be placed in order to have a win.
x P(x)
1........................0.493
2........................0.250
3........................0.127
4........................0.064
Determine whether a probability distribution is given. If a probability distribution is given, find its mean and standard deviation. If a probability distribution is not given, identify the requirements that are not satisfied.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Related Book For  book-img-for-question

Mathematical Interest Theory

ISBN: 9781470465681

3rd Edition

Authors: Leslie Jane, James Daniel, Federer Vaaler

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