A fair coin is tossed three times. A player wins $1 if the first toss is a

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A fair coin is tossed three times. A player wins $1 if the first toss is a head, but loses $1 if the first toss is a tail. Similarly, the player wins $2 if the second toss is a head, but loses $2 if the second toss is a tail, and wins or loses $3 according to the result of the third toss. Let the random variable X be the total winnings after the three tosses (possibly a negative value if losses are incurred).
(a) Construct the probability mass function.
(b) Construct the cumulative distribution function.
(c) What is the most likely value of the random variable X?
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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