Stephen plays a game with a biased coin with P(Heads) = 0.69 and P(Tails) = 0.31. He plays each game by tossing the coin once. If he tosses a head, he pays $4. If he tosses a tail, he wins $12....


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Stephen plays a game with a biased coin with P(Heads) = 0.69 and P(Tails) = 0.31. He plays<br>each game by tossing the coin once. If he tosses a head, he pays $4. If he tosses a tail, he wins $12.<br>Complete the probability distribution table. Give all answers accurate to at least 2 decimal places.<br>Probability<br>Distribution Table<br>P(x)<br>12<br>What is your long-term expected profit per game?<br>What is the standard deviation?<br>$<br>%24<br>

Extracted text: Stephen plays a game with a biased coin with P(Heads) = 0.69 and P(Tails) = 0.31. He plays each game by tossing the coin once. If he tosses a head, he pays $4. If he tosses a tail, he wins $12. Complete the probability distribution table. Give all answers accurate to at least 2 decimal places. Probability Distribution Table P(x) 12 What is your long-term expected profit per game? What is the standard deviation? $ %24

Jun 11, 2022
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