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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 $8.
If you roll a 3, 4 or 5, you win $1.
Otherwise, you pay $7.
Complete the Probability Distribution table shown below.
Let X represent your profit and list the X values from smallest to largest. Roond to 4 decimal places where
appropriate.
Probability Distribution
Table
Х
P(X)
Find the expected profit. $
(Round to the nearest cent)

Sagot :

Answer:

expected profit is  - $0.50

Step-by-step explanation:

1  $(7.00) 0.166666667  $(1.17)

2  $(7.00) 0.166666667  $(1.17)

3  $1.00  0.166666667  $0.17  

4  $1.00  0.166666667  $0.17  

5  $1.00  0.166666667  $0.17  

6  $8.00  0.166666667  $1.33  

   

   $(0.50)

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