236 259 When you give a casino $5 for a bet on the \"pass lina\" in a casino gam

Question

236 259 When you give a casino $5 for a bet on the "pass lina" in a casino gamof dice, thore is a 25 robabity will profit $5 hat you will lose $5 and there is a 495 probability that you #x . profit from a play of the game, a probability distribution is given below: 259 495 236 5 495 a. Calculate the expected value of x (round to 3 decimal places) b. Based on your calculations in part a, would you want to play this game? Why or why nor? O A. No, in the long run you will lose money O B. Yes, in the long run you will win money

Explanation / Answer

Expected value of x

= -5*(259/495) + 5*(236/495)

= -0.232

No, in the long run you will loose money.

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