Question: Chapter 20 Exercises 20.10 Outcome: Win $2604 Win $104 Win $0 Probability: Expected value of amount you win = _______ 20.14Expected Value = _______ 20.16Probability

Chapter 20 Exercises

20.10

Outcome:

Win $2604

Win $104

Win $0

Probability:

Expected value of amount you win = _______

20.14Expected Value = _______

20.16Probability Model:

Outcome:

2

3

4

5

6

7

8

9

10

11

12

Probability:

Expected value from rolling two dice = _____

20.22(a) Expected Value = ______

(b)Simulation:

Comparison with value from (a):

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