Question:

At an unconventional casino you bet on the roll of an 17

Last updated: 4/7/2023

At an unconventional casino you bet on the roll of an 17

At an unconventional casino you bet on the roll of an 17 sided die If you roll a 7 you win 2 If you roll a 1 or 17 you win 7 If you roll a 13 you lose 2 If you roll any other number you lose 1 to the casino Let X denote the amount of money you win from playing this game once a Fill in the table to create a probability distribution for X Use fractions or decimals rounded to three decimal places when necessary Please enter values into the table as they were introduced in the paragraph above P x X b Find the expected profit Round to the nearest cent two decimal places Is this game profitable for you How does the expected value tell you whether it is profitable or not