If you roll a die it comes up a 6, you win $200. If not, you get to roll again. If you get a 6 the second time, you win $100. If not, you lose. Let X denote the amount you win in this game. a) Find...

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If you roll a die it comes up a 6, you win $200. If not, you get to roll again. If you get a 6 the second time, you win $100. If not, you lose. Let X denote the amount you win in this game.

a) Find the PMF of X.
b) Compute the expected profit from this game.

Answered Same DayDec 20, 2021

Answer To: If you roll a die it comes up a 6, you win $200. If not, you get to roll again. If you get a 6 the...

David answered on Dec 20 2021

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Problem
If you roll a die it comes up a 6, you win $200. If not, you get to roll again. If you get a 6 the second time,
you win $100. If not, you lose. Let X denote the amount you win in this game.
a) Find the PMF of X.
b) Compute the expected profit from this game.
Solution
When you roll a die and it...

SOLUTION.PDF

Sun	Mon	Tue	Wed	Thu	Fri	Sat
30	31	1	2	3	4	5
6	7	8	9	10	11	12
13	14	15	16	17	18	19
20	21	22	23	24	25	26
27	28	29	30	1	2	3

If you roll a die it comes up a 6, you win $200. If not, you get to roll again. If you get a 6 the second time, you win $100. If not, you lose. Let X denote the amount you win in this game. a) Find...

Answer To: If you roll a die it comes up a 6, you win $200. If not, you get to roll again. If you get a 6 the...

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