Suppose that you are offered the following "deal." You roll a six sided die. If you roll a 6, you win $16. If you roll a 2, 3, 4 or 5, you win $4. Otherwise, you pay $7. 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 P(X) b. Find the expected profit. $ (Round to the nearest cent)

College Algebra
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ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section: Chapter Questions
Problem 41CT: On a game show, a contestant is given the digits 3, 4, and 5 to arrange in the proper order to form...
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Suppose that you are offered the following "deal." You roll a six sided die. If you roll a 6, you win $16. If
you roll a 2, 3, 4 or 5, you win $4. Otherwise, you pay $7.
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
P(X)
b. Find the expected profit. $
(Round to the nearest cent)
Transcribed Image Text:Suppose that you are offered the following "deal." You roll a six sided die. If you roll a 6, you win $16. If you roll a 2, 3, 4 or 5, you win $4. Otherwise, you pay $7. 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 P(X) b. Find the expected profit. $ (Round to the nearest cent)
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