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7. Suppose a game is to be played with a single die, assumed fair, where the player wins the dollar amount of the number rolled if it is even and losses the amount if it is odd. Find mean (expectation) of X which denotes payout for this game. P(x) 1/6 1/6 1/6 1/6 1/6 1/6 -$1 $2 -$3 $4 -$5 $6 Sum

7. Suppose a game is to be played with a single die, assumed fair, where the player wins the dollar amount of the number rolled if it is even and losses the amount if it is odd. Find mean (expectation) of X which denotes payout for this game. P(x) 1/6 1/6 1/6 1/6 1/6 1/6 -$1 $2 -$3 $4 -$5 $6 Sum

College Algebra
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter9: Counting And Probability
Section9.4: Expected Value
Problem 15E: A Game of Chance A box contains 100 envelopes. Ten envelopes contain $10 each, ten contain $5 each,...
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7.) Suppose a game is to be played with a single die, assumed fair, where the player wins the  dollar amount of the number rolled if it is even and losses the amount if it is odd. Find  mean (expectation) of X which denotes payout for this game.  

7. Suppose a game is to be played with a single die, assumed fair, where the player wins the dollar amount of the number rolled if it is even and losses the amount if it is odd. Find mean (expectation) of X which denotes payout for this game. P(x) 1/6 1/6 1/6 -$1 $2 -$3 $4 1/6 -$5 1/6 1/6 $6 Sum
Transcribed Image Text:7. Suppose a game is to be played with a single die, assumed fair, where the player wins the dollar amount of the number rolled if it is even and losses the amount if it is odd. Find mean (expectation) of X which denotes payout for this game. P(x) 1/6 1/6 1/6 -$1 $2 -$3 $4 1/6 -$5 1/6 1/6 $6 Sum
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