Course Home Business Statistics & Analysis = Homework: Chapter 5 Do Homew Ali Yesil 02/24/22 3:59 PM Question 4, 5.1.4-T Part 1 of 4 HW Score: 0%, 0 of 10 points O Points: 0 of 1 Save Name: Due: Current Score Attempts: Late Submissi In the carnival game Under-or-Over-Seven, a pair of fair dice is rolled once, and the resulting sum determines whether the player wins or loses his or her bet. For example, using method one, the player can bet $4.00 that the sum will be under 7, that is, 2, 3, 4, 5, or 6. For this bet, the player wins $4.00 if the result is under 7 and loses $4.00 if the outcome equals or is greater than 7. Similarly, using method two, the player can bet $4.00 that the sum will be over 7, that is, 8, 9, 10, 11, or 12. Here, the player wins $4.00 if the result is over 7 but loses $4.00 if the result is 7 or under. A third method of play is to bet $4.00 on the outcome 7. For this bet, the player wins $16.00 if the result of the roll is 7 and loses $4.00 otherwise. Complete parts (a) through (d). Click the icon to view a table of all possible outcomes of a two dice roll. a. Construct the probability distribution representing the different outcomes that are possible for a $4.00 bet using method one. X P(X) $ Question 1 $ Question 5 (Type an exact answer in simplified form.) Question 9 Start This course (Busines 13 Help me solve this View an example Get more help - Clear all Check answer Save Score In the carnival game Under-or-Over-Seven, a pair of fair dice is rolled once, and the resulting sum determines whether the player wins or loses his or her bet. For example, using method one, the player can bet $4.00 that the sum will be under 7, that is, 2, 3, 4, 5, or 6. For this bet, the player wins $4.00 if the result is under 7 and loses $4.00 if the outcome equals or is greate 12. Here, the player wins $4.00 if the result is over the player wins $16.00 if the result of the roll is 7 a Click the icon to view a table of all possible or Data table at the sum will be over 7, that is, 8, 9, 10, 11, or -y is to bet $4.00 on the outcome 7. For this bet, 5: missi Outcomes of a two dice roll a. Construct the probability distribution representin 1 2 3 4 5 6 method one. 1 2 3 4 5 6 7 X P(X) $ 2 3 4 5 6 7 8 on 1 $ 3 456 T 8 9 n s (Type an exact answer in simplified form.) 4 56 78 9 109 5 6 7 8 9 10 11 n9 6 7 8 9 10 11 12 Print Done Help me solve this View an example Get more help - Clear all Check answer = Homework: Chapter 5 Question 5, 5.1.6-T Part 1 of 2 > HW Score: 0%, 0 of 10 points O Points: 0 of 1 Save The manager of the commercial mortgage department of a large bank has collected data during the past two years concerning the number of commercial mortgages approved per week. The results from these two years (104 weeks) are shown to the right. a. Compute the expected number of mortgages approved per week. b. Compute the standard deviation. a. The expected number of mortgages approved per week is (Round to three decimal places as needed.) Number Approved Frequency 0 13 1 24 2 32 3 4 9 5 6 7 62721 W Help me solve this View an example Get more help - Clear all Check answer stio stio