The table shows the various sums of money that can be won in playing a certain gameand the associated probabilitics of winning each amount. To play the game players mustpurchase a ticket for $350.20000 2000 | 1000 | 200X(in$"s)P(X)0.004 0.026 0.07 | 0.62bi. Find the value of b that will make the distribution a probability distribution.ii. Which amount is most frequently won by the players of the game?iii. Determine the standard deviation of the distribution

From the provided information, X (in $’’s) 20000 2000 1000 200 0 P(X) 0.004…

The table shows the various sums of money that can be won in playing a certain game and the associated probabilities of winning each amount. To play the game players must purchase a ticket for $350. X(in$"s) | P(X) 1000 200 | 0 2b 0.004 0.026 0.07 | 0.6 20000 2000 i. Find the value of b that will make the distribution a probability distribution. ii. Which amount is most frequently won by the players of the game? iii. Determine the standard deviation of the distribution

The table shows the various sums of money that can be won in playing a certain game and the associated probabilities of winning each amount. To play the game players must purchase a ticket for $350. X(in$"s) | P(X) 1000 200 | 0 2b 0.004 0.026 0.07 | 0.6 20000 2000 i. Find the value of b that will make the distribution a probability distribution. ii. Which amount is most frequently won by the players of the game? iii. Determine the standard deviation of the distribution

Algebra and Trigonometry (MindTap Course List)

4th Edition

ISBN:9781305071742

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter14: Counting And Probability

Section14.3: Binomial Probability

Problem 33E

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