A ping pong ball is drawn at random from an urn consisting of balls numbered 4 through 9. A player wins $0.5 if the number on the ball is odd and loses $0.5 if the number is even. Let x be the amount...


A ping pong ball is drawn at random from an urn consisting of balls numbered 4 through 9. A player<br>wins $0.5 if the number on the ball is odd and loses $0.5 if the number is even.<br>Let x be the amount of money a player will win/lose when playing this game, where x is negative<br>when the player loses money.<br>(a) Construct the probability distribution table for this game. Round your answers to two decimal<br>places.<br>Outcome<br>Probability P(x)<br>(b) What is the expected value of player's winnings? Round to the nearest hundreth.<br>(c) Interpret the meaning of the expected value in the context of this problem.<br>Use the space below to type your answer AND/OR to upload a picture of your work for all the<br>questions in this problem.<br>To upload a picture of your work, use a cellphone camera or a free scanning app (such as Adobe Scan, Simple Scanner,<br>Tiny Scan, .), download the picture or document to your own computer via email, and attach your document using the<br>
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Extracted text: A ping pong ball is drawn at random from an urn consisting of balls numbered 4 through 9. A player wins $0.5 if the number on the ball is odd and loses $0.5 if the number is even. Let x be the amount of money a player will win/lose when playing this game, where x is negative when the player loses money. (a) Construct the probability distribution table for this game. Round your answers to two decimal places. Outcome Probability P(x) (b) What is the expected value of player's winnings? Round to the nearest hundreth. (c) Interpret the meaning of the expected value in the context of this problem. Use the space below to type your answer AND/OR to upload a picture of your work for all the questions in this problem. To upload a picture of your work, use a cellphone camera or a free scanning app (such as Adobe Scan, Simple Scanner, Tiny Scan, .), download the picture or document to your own computer via email, and attach your document using the "attach file" sign (paper clip symbol) on the menu bar below. Please do not use "insert/edit image" (picture sign) to upload your file. Insert - I U x, x A - Edit - Formats - <>

Jun 07, 2022
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