In the game of roulette, a wheel consists of 38 slots numbered 0, 00, 1, 2,..., 36. To play the game, a metal ball is spun around the wheel and is allowed to fall into one of the numbered slots. If the number of the slot the ball falls into matches the number you selected, you win $35; otherwise you lose $1. Complete parts (a) through (g) below.
A)Construct a probability distribution for the random variable X, the winnings of each spin.
X P(X)
35 .0263
-1 .9737
(b) Determine the mean and standard deviation of the random variable X. Round your results to the nearest penny.
can you explain how they came up with the mean of -.05 and standard deviation of 5.76
2 answers
The mean is calculated by the equation =(35)(.0263)+(-1)(.9737)
Perfect!
1 answer