document.write( "Question 347578: could you please help me with my probability assignment. I am having troubles answering the questions.
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document.write( "6. In a certain game with a pair of dice, if you throw an even number you win $1, if you throw a 9 you win $2, otherwise you lose $1.50.
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document.write( "a.) Determine the probability table for this game.
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document.write( "b.) Find the average profit.
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document.write( "c.) Is this a fair game?
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document.write( "7.
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document.write( "a.) write down the sample space associated with rolling two ordinary six-sided dice.
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document.write( "b.) suppose we take the (absolute) difference between the numbers showing when the two dice are rolled. Write down the possible differences, together with their relevant probabilities.
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document.write( "c.) Determine the expected value, variance and standard deviation of the difference between the dice.
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document.write( "d.) Write down the 95% confidence interval for this experiment.\r
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Algebra.Com's Answer #248465 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! 6. In a certain game with a pair of dice, if you throw an even number you win $1, if you throw a 9 you win $2, otherwise you lose $1.50. \n" ); document.write( "---\r \n" ); document.write( "\n" ); document.write( "a.) Determine the probability table for this game. \n" ); document.write( "even::::18/36 = 1/2 \n" ); document.write( "9:::::::4/36 = 1/9 \n" ); document.write( "other:::14/36 = 7/18 \n" ); document.write( "--------------------------------- \n" ); document.write( "b.) Find the average profit. \n" ); document.write( "E(x) = (18/36)$1 + (4/36)$2 + (14/36)(-$1.50) \n" ); document.write( "= (18+8-21)/36 \n" ); document.write( "= (5/36) \n" ); document.write( "= $0.1389 \n" ); document.write( "c.) Is this a fair game? \n" ); document.write( "It's close. The player can expect to win 14 cents \n" ); document.write( "each time he plays. The profit is -14 cents. \n" ); document.write( "===================================================== \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " \n" ); document.write( " |