1. A game involves rolling two dice and summing the faces on the dice. A player will be $1 and roll the dice. If the player rolls a total of 7, they win $5. If they roll any other total, they will lose the dollar bet. What is the expected value of this game? 1/7 2. The probability that a part produced by a machine will be defective is .05. A sample of 10 parts is taken from the machine. What is the probability that: A. One part will be defective? 0.25% B No more than one part will be defective? .075% C. At least one part will be defective? 25% D. What is the expected value for the number of defective parts? 0.5%
Added by Barry R.
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Step 1: To find the expected value of the game, we need to calculate the average outcome of the game over a large number of trials. Show more…
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