Julian is offered to place a $13 bet on a certain event the probability of which happening

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Julian is offered to place a $13 bet on a certain event the probability of which happening is estimated to be 20%. In case of the event occurring Julian will receive a total of $20. Let X be the Julian's winnings from the bet. Answer the following questions: 1. Create the probability distribution table for X: X outcome payoff x , $ P(X = x) win loss

2. Use the probability distribution table to find the following: dollars. (Round the answer to 2 decimal places.) a. E[X] = px = b. SD[X] = 0x = dollars. (Round the answer to 1 decimal place.)

Posted Date: May 16, 2024 02:03 PM

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Julian is offered to place a $13 bet on a certain event the probability of which happening

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