At a back-to-school party, one of your friends lets you play a two-stage game where...

60.1K

Verified Solution

Question

Geometry

image

At a back-to-school party, one of your friends lets you play a two-stage game where you pay $3 to play. The game works as follows: flip a fair coin, noting the side showing, and roll a fair standard 4-sided die (numbered 1-4), noting the number showing. If the die shows a 3 and the coin shows tails, then you win $20. If the coin shows heads and the die shows an even number, then you win $7. Otherwise, you do not win anything.Let X be your net winnings.(a) Create a probability distribution for X. Enter the possible values of X in ascending order from left to right. All probabilities should be exact.(b) Compute your expected net winnings for the game. Round your answer to the nearest cent.(c) Is this game fair?YesNo

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students