Question: As a Forecasting Specialist at Eastern Connecticut Advanced Statistical Headquarters (ECASH); You are given an unusual 'ECASH coin' with the following properties: this two sided

As a Forecasting Specialist at Eastern Connecticut Advanced Statistical Headquarters (ECASH); You are given an unusual 'ECASH coin' with the following properties: this two sided 'ECASH coin' is designed to land Heads (value = 5) on 80% of tosses, and land Tails (value = -15) on 20% of the tosses.You are assigned by Senior ECASH Admissions Management to put together, for their review, Probability Distribution Tables for this 'unusual ECASH coin' for: (Section 1) three 'ECASH coins' tossed together; and (Section 2) five 'ECASH coins' tossed together. Provide the following information on each Distribution: (a) range of outcomes, (b) possible outcomes (c) expected value, (d) standard deviation and (e) graph of each 'ECASH coins' Probability Distribution.What is a possible explanation for Senior Management's request for this information?

2. As a Forecasting Specialist at Easter Connecticut Advanced Statistical 0 Headquarters (ECASH); You are given an unusual 'ECASH coin' with the following properties: this two sided 'ECASH coin' is designed to land Heads (value = 5) on 80% of tosses, and land Tails (value = -15) on 20% of the tosses. You are assigned by Senior ECASH Admissions Management to put together, for their review, Probability Distribution Tables for this 'unusual ECASH coin' for: (Section 1) three 'ECASH coins' tossed together; and (Section 2) five 'ECASH coins' tossed together. Provide the following information on each Distribution: (a) range of outcomes, (b) possible outcomes (c) expected value, (d) standard deviation and (e) graph of each 'ECASH coins' Probability Distribution. ' What is a possible explanation for Senior Management's request for this information

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