Question: (5 marks) You are playing game. The random variable, Y, represents your possible winnings. The probability distribution of Y is Y -4 -2 -1 1

(5 marks) You are playing game. The random variable, Y, represents your possible winnings. The probability distribution of Y is Y -4 -2 -1 1 C P(Y = y) 0.20 0.15 U p 2p If P(Y 0) and E[Y]=0, what is the variance of Y? Note: Given the information provided you must identify the values of u, p and c > 0

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