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The die. Find the standard deviation of the amount you might win rolling a die in Exercise.

Exercise :
You bet! You roll a die. If it comes up a 6, you win $100. If not, you get to roll again. If you get a 6 the second time, you win $50. If not, you lose.

a) Create a probability model for the amount you win at this game.

b) Find the expected amount you'll win.

c) How much would you be willing to pay to play this game?

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M92227681

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