Chapter 4: Q.15 (page 283)
Construct a PDF table.
Short Answer
PDF table:

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Chapter 4: Q.15 (page 283)
Construct a PDF table.
PDF table:

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Suppose you play a game with a spinner. You play each game by spinning the spinner once. P(red) = , P(blue) = , and P(green) = . If you land on red, you pay . If you land on blue, you don't pay or win anything. If you land on green, you win . Complete the following expected value table.
Suppose that you are offered the following 鈥渄eal.鈥 You roll a die. If you roll a six, you win If you roll a four or five, you win If you roll a one, two, or three, you pay
a. What are you ultimately interested in here (the value of the roll or the money you win)?
b. In words, define the Random VariableX.
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.
On average, how many batches should the baker make?
Use the following information to answer the next four exercises: Ellen has music practice three days a week. She practices
for all of the three days of the time, two days of the time, one day of the time, and no days of the time. One
week is selected at random.
An electronics store expects to have ten returns per day on average. The manager wants to know the probability of the store getting fewer than eight returns on any given day. State the probability question mathematically.
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