Part A Game Analysis For Each Of The Following Games You Must Define A Discrete Random Variable X Include A Complet 1 (24.26 KiB) Viewed 75 times
Part A - Game Analysis . For each of the following games, you must Define a discrete random variable X Include a completed distribution table along with all calculations Determine the expected return for a participant .
Game 1: A participant pays $5 to play this game once. The participant will roll 3 dice at the same time. If all three dice show the same number (three-of-a-kind), then the participant receives $30 If all three dice show odd numbers (but not three-of-a-kind), then the participant receives $20 If all three dice show even numbers (but not three-of-a-kind), then the participant receives $10 Otherwise, the participant receives nothing . . .
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