Question 1125820
Part a:
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X = profit.......P(X)
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+$6.................1/6
+$3.................2/6 = 1/3
-$5.................3/6 = 1/2
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Part b:
Expected profit = +$6(1/6) + $3(1/3) + -$5(1/2) = -$0.50