Question

Suppose you encounter someone offering a dice game in which the player rolls a fair die three times. It costs $3 to play, and the player wins $7 each time they roll a 1. Let x represent the money won or lost. a. Find the sample space for x. That is, answer the question: what are the possibilities for how much you win or lose? b. Find the probability distribution p(x). c. Find the mean (Î¼=E(x)). Will the person running the game make money? d. Four people play the game, 4 times each, with the following outcomes. 1. Win $4, Lose $3, Lose $3, Win $4 2. Win $18, Lose $3, Lose $3, Lose $3 3. Lose $3, Win $11, Lose $3, Lose $3 4. Win $4, Win $4, Win $4, Win $4

          Suppose you encounter someone offering a dice game in which the player rolls a fair die three times. It costs $3 to play, and the player wins $7 each time they roll a 1. Let x represent the money won or lost.
a. Find the sample space for x. That is, answer the question: what are the possibilities for how much you win or lose?
b. Find the probability distribution p(x).
c. Find the mean (Î¼=E(x)). Will the person running the game make money?
d. Four people play the game, 4 times each, with the following outcomes.
1. Win $4, Lose $3, Lose $3, Win $4
2. Win $18, Lose $3, Lose $3, Lose $3
3. Lose $3, Win $11, Lose $3, Lose $3
4. Win $4, Win $4, Win $4, Win $4

Added by Jeremy C.

Question

Please give Ace some feedback