document.write( "Question 1125820: Suppose that you are offered the following \"deal.\" You roll a six sided die. If you roll a 6, you win $6. If you roll a 4 or 5, you win $3. Otherwise, you pay $5. \r
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document.write( "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. \r
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document.write( "Probability Distribution Table
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document.write( "X P(X)\r
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document.write( "b. Find the expected profit. $
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document.write( "(Round to the nearest cent) \n" );
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Algebra.Com's Answer #742155 by kasperk(4)![]() ![]() ![]() You can put this solution on YOUR website! Part a: \n" ); document.write( " \n" ); document.write( "X = profit.......P(X) \n" ); document.write( "---------------------- \n" ); document.write( "+$6.................1/6 \n" ); document.write( "+$3.................2/6 = 1/3 \n" ); document.write( "-$5.................3/6 = 1/2 \n" ); document.write( " \n" ); document.write( "Part b: \n" ); document.write( "Expected profit = +$6(1/6) + $3(1/3) + -$5(1/2) = -$0.50\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |