1. Given a fair, six-sided die, what is the probability of rolling the die twice and getting...
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1. Given a fair, six-sided die, what is the probability of rolling the die twice and getting a “1” each time?
2. What is the probability of getting a “1” on the second roll when you get a “1” on the first roll?
3. The House managed to load the die in such a way that the faces “2” and “4” show up twice as frequently as all other faces. Meanwhile, all the other faces still show up with equal frequency. What is the probability of getting a “1” when rolling this loaded die?
4. Write the probability distribution for this loaded die, showing each outcome and its probability. Also plot a histogram to show the probability 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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1 Since the throw in each time is independent to each other thus ...View the full answer
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