The following probability distribution represents the payout for a certain dice game X -10 -5 0...
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The following probability distribution represents the payout for a certain dice game X -10 -5 0 1 4 8 a.) What is the expected payout? P(x) 0.09 0,20 0.20 0.19 0.19 0.13 b.) Is it expected that a person playing this particular game will win money or lose money? Owin money since the expected value is positive Olose money since the expected value is negative c.) What is the standard deviation (round to four decimal places)? To compute P(X > 4) for a binomial distribution, what would be an equivalent notation? The following probability distribution represents the payout for a certain dice game X -10 -5 0 1 4 8 a.) What is the expected payout? P(x) 0.09 0,20 0.20 0.19 0.19 0.13 b.) Is it expected that a person playing this particular game will win money or lose money? Owin money since the expected value is positive Olose money since the expected value is negative c.) What is the standard deviation (round to four decimal places)? To compute P(X > 4) for a binomial distribution, what would be an equivalent notation?
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Related Book For
Understanding Basic Statistics
ISBN: 9781111827021
6th Edition
Authors: Charles Henry Brase, Corrinne Pellillo Brase
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