What is the expected value of the roll, Basic Statistics

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What is the expected value of the roll

To find mean, standard deviation and expected value.

1) Work out the MEAN and STANDARD DEVIATION for the distribution below:

X	0	1	2	3	4
P(X)	0.24	0.41	0.26	0.08	0.01

2) In a particular game a person wins $1 if they roll a 2 or a 6 on a regular cube die. The win zero (0) if they roll an off number - they win $10 if they roll a 4. What is the expected value of the roll?

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Basic Statistics: What is the expected value of the roll

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Basic Statistics: What is the expected value of the roll

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Recent Questions Asked Basic Statistics

Q : Illustrate what was the growth rate of nominal gdp

Q : Calculate the two standard deviations

Q : Computing budgeted sales data

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Q : What is the expected value of the roll

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Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: What is the expected value of the roll

Reference No:- TGS020735

Recent Questions Asked Basic Statistics

Q : Illustrate what was the growth rate of nominal gdp

Q : Calculate the two standard deviations

Q : Computing budgeted sales data

Q : Calculating the growth rate of gdp deflator-growth rate

Q : What is the expected value of the roll

Q : Work out the mean, standard deviation

Q : Changes in capital structure

Q : Creating entry for spa purchase

Q : Finding the value of percentile 90

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