Suppose that you are offered the following "deal." You roll a six sided die. If you roll a 6, you win $17. If you roll a 3, 4 or 5, you win $4. Otherwise, you pay $8.a. Complete the PDF Table. List the X values, where X is the profit, from smallest to largest. Round to 4 decimal places where appropriate.
Probability Distribution Table
b. Find the expected profit. $ (Round to the nearest cent)c. Interpret the expected value.
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here