4. Suppose that you are offered the following "deal." You roll a die. If you roll a six, you win $10. If you roll a four or five, you win $5. If you roll a one, two, or three, you pay $6. a. What are you ultimately interested in here (the value of the roll or the money you win)? b. In words, define the Random Variable X. c. List the values that X may take on. d. Construct a PDF. e. Over the long run of playing this game, what are your expected average winnings per game? f. Based on numerical values, should you take the deal? Explain your decision in complete sentences.

Answers

Answer 1

Answer:

Explained below.

Step-by-step explanation:

The rules of the deal are as follows:

If you roll a six, you win $10. If you roll a four or five, you win $5. If you roll a one, two, or three, you pay $6.

(a)

The correct option is: "the money you win".

(b)

The random variable X denotes the amount won or lost.

(c)

The value of X are as follows:

X = {-$6, $5 and $10}

(d)

The probability function of X is as follows:

P (X = 10) = 1/6

P (X = 5) = 1/3

P (X = -6) = 1/2

(e)

Compute the expected value as follows:

[tex]E(X)=\sum x\times P(X=x)\\[/tex]

         [tex]=(10\times\frac{1}{6})+(5\times\frac{1}{3})+(-6\times\frac{1}{2})\\\\=0.333333\\\\\approx $0.33[/tex]

Thus, the average winnings per game is $0.33.

(f)

Since the expected value of the game is a positive amount, the deal will not  lead to me paying up.

Thus, you take the deal.


Related Questions

20 points
plz answer soon!

A square on a coordinate plane is translated 9 units down and 1 unit to the right. Which function rule describes
the translation?
O T 1,-9 (x,y)
O T -1,-9 (x,y)
O T -9, 1 (x, y)
O T -9, -1 (x, y)

Answers

Answer: it should be the first one!! :)

Step-by-step explanation:

Answer:its the first one

Step-by-step explanation:did the test


How many 3/4
cups of juice can be poured from 6 cups of juice?

Answers

Answer:8

Step-by-step explanation: 4x6=28

28 divided by 4 = 8


Carol and Linda are both selling cookies.
Carol sells her cookies for $1.25 per box, and she
already made $64.00. Linda sells her cookies for
$220 per box, and she already made $45.00. If both
of them sell the same number of boxes of cookies,
which one of the following inequalities can help you
find the least possible value of b, the number of
boxes of cookies Linda must sell so she will make
more money than Carol?

Answers

Answer:

This inequality is impossible. Assuming this is realistic, Linda cannot sell part of a box of cookies and therefore cannot make less than $220.

Step-by-step explanation:

find a counterexample for the conjecture: If n is a real number, then -n is a negative

Answers

Answer:

Step-by-step explanation:

-5 is a real number, right ?

- (-5) = 5 is not negative

thanks

PLS HELP :(

Solve the inequality and graph the solution on the line provided.

Answers

Answer:

[tex]x\leq -1[/tex]

Step-by-step explanation:

1. [tex]7x\leq 7-14[/tex]

2.[tex]7x\leq -7[/tex]

3. divide both sides by 7

4. [tex]x\leq -1[/tex]

Closed circle on -1 and the line goes to the left

What is the simplified form of square root of 45?

Answers

Answer:

I'm pretty sure the answer is C

It’s c 100% that how you would simplify in a calculator

Grady is excavating the foundation of a house. If the hole will be
40 feet long, 24 feet wide, and 4 feet deep, how many cubic feet
of dirt must be removed from the site?

Answers

Answer:

3,840 cubic feet

Step-by-step explanation:

V=LWH

V= 40X24X4

V=3,840 cubic feet

in which quadrant is the point (4,- 2) located ​

Answers

Answer:

4

Step-by-step explanation:

Iveta takes out a mortgage of $100,000 to purchase a property. The interest rate is calculated as a simple interest rate of 5% per year. How much interest would Iveta have to pay after six years?

Answers

$100 000 x 5% = $5000 x 6 = $30 000
She would pay $30 000 of interest in 6 years.

a seed company has a test plot in which it is testing the germination of a hybrid seed, They plant 50 rows of 40 seeds per row. After a two week period, the researchers count how many seed per row have sprouted. They noted that least number of seeds to germinate was 33 and some rows had all 40 germinate. The germination data is given below in the table. The random variable x represents the number of seed in a row th

Answers

Answer:

Mean =[tex]\sum x P(x) = 36.86[/tex]

Standard deviation =[tex]\sum x^2P(X)=1360.9[/tex]

Step-by-step explanation:

x          P(x) [tex]x \times P(x)[/tex]       [tex]x^2 \times P(x)[/tex]

33         0.02     0.66          21.78

34          0.06     2.04         69.36

35           0.1      3.5        122.5

36           0.2      7.2         259.2

37           0.24     8.88        328.56

38           0.26     9.88        375.44

39            0.1     3.9         152.1

40            0.02     0.8         32

             1        36.86      1360.9

We are supposed to find mean and standard deviation

Mean =[tex]\sum x P(x) = 36.86[/tex]

Standard deviation =[tex]\sum x^2P(X)=1360.9[/tex]

Write an equation in slope-intercept form for the line that passes through (0, 1) and is perpendicular to the line whose equation is y = 2x? Ay= -2x + 1 B y = 2x + 1 C y = x + 1 Dy=-%2x + 1​

Answers

Answer:

y= -1/2 x + 1

Step-by-step explanation:

The line passes through point (0, 1) and is perpendicular to line with equation :

y=2x

Perpendicular lines are those that give -1 when the product of their slopes is calculated.

This means m₁ *m₂= -1

In this case, m₁=2, finding m₂ as;

m₁ * m₂ = -1

2  * m₂ = -1

      m₂ = -1/2

Using point  (0, 1),m₂ = -1/2, and imaginary line (x, y) then the equation of the line in slope-intercept form y= mx + b will be;

-1/2 = y-1/x-0

-1/2 x = y-1

1-1/2x = y

The equation will be ;

y= -1/2 x + 1

4+ (-3) - 2*(-6)
What is the answer to

Answers

Answer:

13

Step-by-step explanation:

4+(-3)-2*(-6)

4-3-2*-6

1-(-12)

1+12

13

Answer: 13

Step-by-step explanation:

I Had The Same Problem So Try And Its Gonna Be Right.

Please pass this on... ( #helpsavelives )
Whoever is reading this:
I love u.
U matter.
The world needs u
hang in there ik it may be bad but u deserve the world <3
ur beautiful no matter ur shape, size, color, gender.. anything
don't give up I need u to live.
I wish I could take everyone's problems so yall wouldn't have to have em but I can't so just know ily and if anyone needs to talk u can talk to me

Please, pass this on. Everyone deserves to know this.❤❤
just copy and paste its not hard pls this could save someone's life

Answers

Answer:

Ive seen lots of these and just saw this one too but this actually really does help so thankyou for passing it on ily too<3

Step-by-step explanation:

Please help me with this problem

Answers

Answer:

Since the taxis are heading directly towards each other, we will assume the path between them to be a straight line

We have 2 taxis coming towards each other, which means that we have 2 observers in this system

so from now on, we will see this situation from the eyes of the driver coming at the speed of 40mph

Now imagine yourself in a car. if you are in a moving car, a tree outside will look like it is moving in the opposite direction and it will be doing so at the same speed as the speed of your car and we will always feel like we are at rest

so, we can say that when we are in a car, the objects coming towards us will have our car's velocity added to their velocity, as in the above case, the speed of the tree is 0mph and your speed is v mph, which causes the tree to move back at a velocity of v mph

Now, back to the question. we are in a car moving at a speed of 40 mph and there is a car coming towards us is moving at a speed of 27 mph

If we look at the situation from the eyes of the driver of the car moving at a velocity 40 mph,

he is at rest and the other car is moving at a velocity of (40 + 27) = 67 mph

So, from the frame of reference of the 40mph driver, the other car is moving at 67 mph and the time taken by a car moving at 67 mph to cover 7 miles is the time in which the taxis will meet

Hence, time taken by a 67 mph car to cover 7 miles

time = distance / speed

time = 7 / 67

time = 0.1 hour (approx) or 6 minutes

Therefore, the taxis will meet after 6 minutes

To save money you set aside $50. For each following month you set aside 10% more than the previous month.How much money will you save in a year? Explain each step.

Answers

A lot :) hahdinshsiskvshsknsvsudkdnhdjdjdd

Simplify the following:
a
2
b

b
2
a
2
c

=
a
2
b • b
2
a
2
c =

Answers

Answer:

It is A

Step-by-step explanation:

Im not a teacher I want questions to be to answer

Answers

Answer:

Huh now?

Step-by-step explanation:

I am sorry but I do not understand

Answer plzzz I don’t understand

Answers

Answer:

Step-by-step explanation:

in a triangle, the sum of all angles is 180 (angle sum theorem). so use the equation 180=50+80+10x. then solve

1. combine like terms

it becomes 180=130+10x

2. subtract 130 from both sides

it becomes 50=10x

3. divide both sides by 10

it becomes 5=x

so, x=5

hope this helped :)

Paul is training for a bike race and is attempting to improve his average speed. With his old trainer, Paul averaged a pace of 20 MPH. With his new trainer, he rode at an average speed of 27 MPH. By what percent did his average speed increase?

Answers

Answer:

5.4%

Hope This Helps!

EXTRA POINTS AND BRAINLIEST

Answers

Answer:

8+y

Step-by-step explanation:

Sum means that you are adding the constant 8 and the variable y.

Hope this helps!!

Answer:

8 + y

Step-by-step explanation:

"sum" means you are performing addition or adding two quantities/values together

Therefore, the "sum" of "8 and y" is just adding 8 and y together

You just put a plus sign between 8 and y to add them together, so you get 8 + y.

Hope this helps!

:)  

WHAT 10 x 10 ÷ 5 x 1000 ?
PLS SOMEONE HELP ME!!!!!!!!!!!

Answers

Answer:

20000

Step-by-step explanation:

10 * 10       =     100

100 / 5      =     20

20 * 1000 =     2000

The answer will be 20000

Six of 8 stores have power drinks on sale saturday. In simplest form, what fraction of the stores has power drinks on sale saturday?

Answers

3/4 of the stores have power drinks on sale on Saturday

Put these numbers in order from least to greatest.

Answers

Answer:

[tex]\sqrt{1}[/tex], 1.23, 5/4, [tex]\sqrt{3}[/tex], 1.9, 11/3

Step-by-step explanation:

5/4 = 1.25

11/3 = 3.67

[tex]\sqrt{3} =1.73[/tex]

[tex]\sqrt{1} =1[/tex]

1.23

1.9

Numbers from least to greatest:

[tex]\sqrt{1}[/tex], 1.23, 5/4, [tex]\sqrt{3}[/tex], 1.9, 11/3

What is the value of g? 18g+7=g

Answers

Answer:

The model below represents an equation. Which value of x makes the value true?

x=

Step-by-step explanation:The model below represents an equation. Which value of x makes the value true?

x=


Given f(x) = -5x - 2, what is the value of f(-3/5)?

Answers

Answer:

1

Step-by-step explanation:

f(-3/5)=-5(-3/5)-2

f(-3/5)=3-2

f(-3/5)= 1

According to a study done by a university​ student, the probability a randomly selected individual will not cover his or her mouth when sneezing is . Suppose you sit on a bench in a mall and observe​ people's habits as they sneeze. ​(a) What is the probability that among randomly observed individuals exactly do not cover their mouth when​ sneezing? ​(b) What is the probability that among randomly observed individuals fewer than do not cover their mouth when​ sneezing? ​(c) Would you be surprised​ if, after observing ​individuals, fewer than half covered their mouth when​ sneezing? Why? ​(a) The probability that exactly individuals do not cover their mouth is nothing. ​(Round to four decimal places as​ needed.) ​(b) The probability that fewer than individuals do not cover their mouth is nothing. ​(Round to four decimal places as​ needed.) ​(​c) Fewer than half of individuals covering their mouth ▼ would would not be surprising because the probability of observing fewer than half covering their mouth when sneezing is nothing​, which ▼ is is not an unusual event. ​(Round to four decimal places as​ needed.)

Answers

Complete Question

The complete question is shown on the first uploaded image

Answer:

a

 [tex]P(X = 8) =  0.0037[/tex]

b

 [tex]P(X <  5) =  0.805[/tex]

c

 [tex]P(X > 6) =  0.0206[/tex]

I would be surprised because the value is very small , less the 0.05

Step-by-step explanation:

From the question we are told that

The probability a randomly selected individual will not cover his or her mouth when sneezing is [tex]p = 0.267[/tex]

Generally data collected from this study follows  binomial  distribution because the number of trials is  finite , there are only two outcomes, (covering  , and  not covering mouth when sneezing ) , the trial are independent

Hence for a randomly selected variable  X we have that  

   [tex]X \ \ \~ \ \ { B ( p , n )}[/tex]

The probability distribution function for binomial  distribution is  

    [tex]P(X = x ) =  ^nC_x *  p^x *  (1 -p) ^{n-x}[/tex]

Considering question a

Generally the  the probability that among 12 randomly observed individuals exactly 8 do not cover their mouth when​ sneezing is mathematically represented as

     [tex]P(X = 8) =  ^{12} C_8 *  (0.267)^8 *  (1- 0.267)^{12-8}[/tex]

Here C denotes  combination

So

     [tex]P(X = 8) =  495  *  0.000025828 * 0.28867947[/tex]

    [tex]P(X = 8) =  0.0037[/tex]

Considering question b

Generally the probability that among 12 randomly observed individuals fewer than 5 do not cover their mouth when​ sneezing is mathematically represented as

     [tex]P(X <  5 ) =[P(X = 0 ) + \cdots + P(X = 4)][/tex]

=>   [tex]P(X <  5 ) =[ ^{12} C_0 *  (0.267)^0 *  (1- 0.267)^{12-0} + \cdots +  ^{12} C_4 *  (0.267)^4 *  (1- 0.267)^{12-4} ][/tex]

=> [tex]P(X <  5 )  =  0.02406 +  0.10516 + 0.21067 + 0.25580 + 0.20964[/tex]

=>  [tex]P(X <  5) =  0.805[/tex]

Considering question c

Generally the probability that fewer than half(6) covered their mouth when​ sneezing(i.e the probability the greater than half do not cover their mouth when sneezing) is mathematically represented as

      [tex]P(X > 6) =  1 - p(X \le  6)[/tex]

=>    [tex]P(X > 6) = 1 - [P(X = 0) + \cdots + P(X =6)][/tex]

=>    [tex] P(X > 6)=1 - [^{12} C_0 *  (0.267)^0 *  (1- 0.267)^{12-0}+ \cdots + ^{12} C_4 *  (0.267)^6 *  (1- 0.267)^{12-6} ][/tex]

=>    [tex] P(X > 6)= 1 - [0.02406 + \cdots + 0.0519 ][/tex]  

=>    [tex]P(X > 6) =  0.0206[/tex]

I would be surprised because the value is very small , less the 0.05

(a )randomly observed individuals exactly do not cover their mouth when​ sneezing

[tex]P[x=8]=0.0037[/tex]

(b) randomly observed individuals fewer than do not cover their mouth when​ sneezing

[tex]P[x < 5]=0.805[/tex]

(c)  fewer than half covered their mouth when​ sneezing

[tex]P(x > 6)=0.0206[/tex]

What will be the probability?

It is given in the question that

The probability a randomly selected individual will not cover his or her mouth when sneezing is

[tex]P=0.267[/tex]

Generally, data collected from this study follows  binomial  distribution because the number of trials is  finite, there are only two outcomes, (covering, and  not covering mouth when sneezing ), the trial is independent

The probability distribution function for binomial  distribution is  

[tex]P(x=8)=n C_X\times p^x\times (1-p)^{n-x}[/tex]

Generally, the probability that among 12 randomly observed individuals exactly 8 does not cover their mouth when​ sneezing is mathematically represented as

[tex]P(x=8)=12c_8\times (0.267)^8\times (1-0.267)^{12-8}[/tex]  

[tex]p(x=8)=495\times 0.000025828\times 0.2886794[/tex]

[tex]p(x=8)=0.0037[/tex]

Generally, the probability that among 12 randomly observed individuals fewer than 5 do not cover their mouth when​ sneezing is mathematically represented as

[tex]p(x < 5)=[p(x=0)+......+p9x=4)][/tex]

[tex]p(x < 5)=[12c_0\times(0.267)^0\times(1-0.267)^{12-0}+........+12c_4\times(0.267)^4\times (1-0.267)^{12-4}[/tex]

[tex]p(x < 5)=0.02406+0.10516+0.21067+0.25580+0.20964[/tex]

[tex]p(x < 5)=0.805[/tex]

Generally the probability that fewer than half(6) covered their mouth when​ sneezing(i.e the probability the greater than half do not cover their mouth when sneezing) is mathematically represented as

[tex]p(x > 6)=1-p(x\leq 6)[/tex]

[tex]p(x > 6)=1-[p(x=6)+......+p(x=6)][/tex]

[tex]p(x > 6)=1-[12c_0(0.267)^0\times(1-0.267)^{12-0}+....+12c_4\times(0.267)^6\times(1-0.267)[/tex]

[tex]p(x > 6)=1-[0.02406+.....+0.0519][/tex]

[tex]p(x > 6)=0.0206[/tex]

Thus

(a )randomly observed individuals exactly do not cover their mouth when​ sneezing

[tex]P[x=8]=0.0037[/tex]

(b) randomly observed individuals fewer than do not cover their mouth when​ sneezing

[tex]P[x < 5]=0.805[/tex]

(c)  fewer than half covered their mouth when​ sneezing

[tex]P(x > 6)=0.0206[/tex]

To know more about probability follow

https://brainly.com/question/25839839

An object’s speed and direction is its ________.

Answers

The answer is Velocity!

Hope this helps :)
-Rae

Sean is comparing dog food prices.At pet foods store,the total weight of a bag of dog food varies directly with the number of bags.Each bag costs $46.04.another store Healthy Pets sells dog food in 50 lb bags. Each bag costs $88.45. How much would Sean save by buying a 150 lb of dog food from Pet Foods instead of Healthy pets?

Answers

Answer:

Step-by-step explained :

Simplify this expression 1/2k^2+g-3+1/2k^2-3+2g

Answers

Step-by-step explanation:

the answer is 4 there are these steps you need to do this but I am not going to sit hee for an hour and tell you how to solve this answer so that is the answer

Answer:

THE CORRECT ANSWER IS A.

Step-by-step explanation:

How could you describe the maximum the LCM between two numbers could be?

Answers

Answer:

  the product of the two numbers

Step-by-step explanation:

The LCM of two numbers is their product, divided by their GCF. If their GCF is 1, then the LCM will be their product. That is the most it can be.

__

We assume you're concerned with whole numbers. For rational numbers, the GCF may be a fraction, so the LCM may be larger than the product of the numbers.

  LCM(5, 6) = 5·6/GCF(5, 6) = 5·6/1 = 30

  LCM(1/2, 3/4) = (1/2)(3/4)/GCF(1/2, 3/4) = (3/8)/(1/4) = 3/2

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