subject
Mathematics, 09.02.2021 01:10 hannahg9525

A roulette wheel consists of 18 red slots, 18 black slots, and 2 green slots. A player can wager $1 that a marble will land in a red slot, in which case the player would gain a $1. If the marble lands in a slot that isn't

red, then the player loses their $1 wager. Let X represent the player's gain from a random $1 wager on

red. Here's the probability distribution of X along with summary statistics:

Lose

Win

-1

1

X = gain ($)

P(X)

20/38

18/38

Mean:

ux~-$0.05

Standard deviation:

ox~$1.00

Suppose a player decides to wager $5 instead of $1, so the possible outcomes become either losing or

winning $5. Let Z represent the player's gain from a random $5 wager on red.

What are the mean and standard deviation of Z?

ansver
Answers: 1

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 12:30, brazilmade1
Find the sum of the first 8 terms of the following sequence. round to the nearest hundredth if necessary.
Answers: 3
image
Mathematics, 21.06.2019 15:00, peytonamandac9114
Which sum or difference identity would you use to verify that cos (180° - ∅) = -cos ∅? a. sin (α -β) = sin α cos β – cos α sin β b. cos (α -β) = cos α cos β – sin α sin β c. cos (α -β) = cos α cos β + sin α sin β d. sin (α + β) = sin α cos β + cos α sin β
Answers: 2
image
Mathematics, 21.06.2019 20:50, googoo4
Including 6% sales tax, an inn charges $135.68 per night. find the inns nightly cost
Answers: 1
image
Mathematics, 21.06.2019 20:50, twhalon72
What is the greatest number of parts of a circle that can be formed by cutting the circle with 7 straight cuts? (note: the parts do not have to be equal in size)
Answers: 3
You know the right answer?
A roulette wheel consists of 18 red slots, 18 black slots, and 2 green slots. A player can wager $1...

Questions in other subjects:

Konu
History, 20.07.2019 20:00
Konu
Mathematics, 20.07.2019 20:00