A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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Question
Suppose you are playing a game. The random variable, Y, represents your net profit in dollars. The probability distribution of Y is as follows. (Round your answers to 4 decimal places, if needed.)
y | -3 | -2 | 0 | 3 | 5 |
P(Y = y) | 0.2 | 0.22 | ? | 0.22 | 0.1 |
(a) What is the mean for net profit?
(b) What is the
(c) What is the standard deviation for net profit?
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