The probability distribution model of winning a gambling game is given as: X P(X) $40 1/1/00 $0 5 36 -$10 25 36 Find the standard deviation of prospective winnings. (Round to two decimal points and write in XX.XX format.)

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter12: Probability
Section12.4: Discrete Random Variables; Applications To Decision Making
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The probability distribution model of winning a gambling game is given as:
X
P(X)
$40
1
6
$0
5
36
-$10
25
36
Find the standard deviation of prospective winnings. (Round to two decimal points and
write in XX.XX format.)
Transcribed Image Text:The probability distribution model of winning a gambling game is given as: X P(X) $40 1 6 $0 5 36 -$10 25 36 Find the standard deviation of prospective winnings. (Round to two decimal points and write in XX.XX format.)
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Find the expected value for prospective winning.

The probability distribution model of winning a gambling game is given as:
$40
1
6
X
P(X)
$0
5
36
-$10
25
36
Find the expected value of prospective winnings. (Round to two decimal points and write
in 0.XX format.)
Transcribed Image Text:The probability distribution model of winning a gambling game is given as: $40 1 6 X P(X) $0 5 36 -$10 25 36 Find the expected value of prospective winnings. (Round to two decimal points and write in 0.XX format.)
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