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Task 4 In a game of chance with a stake of 1 euro, the random variable x gives the profit g (i.e. the difference between
Posted: Mon Nov 15, 2021 10:41 am
by answerhappygod
- Task 4 In A Game Of Chance With A Stake Of 1 Euro The Random Variable X Gives The Profit G I E The Difference Between 1 (27.65 KiB) Viewed 81 times
Task 4 In a game of chance with a stake of 1 euro, the random variable x gives the profit g (i.e. the difference between the payout and the stake) in euros. The following table gives the probability distribution of x. g in € P(G = 9) -1 2 3 0 1 1 1 10 4 1 15 6 1. Calculate the expectation of x. 2. How big does the stake have to be for the game to be fair? 3. Change the maximum payout so that the game is fair with a stake of 1 euro.