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Andy is always looking for ways to make money fast. Lately, he has been trying to...

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Statistics

Andy is always looking for ways to make money fast. Lately, hehas been trying to make money by gambling. Here is the game he isconsidering playing: The game costs 2 dollars to play. He draws acard from a deck. If he gets a number card (2-10), he wins nothing.For any face card (jack, queen or king), he wins 3 dollars. For anyace, he wins 5 dollars and he wins an extra $20 if he draws the aceof clubs.

a) if x = money gained, write down the pmf for this game.

b) What are the E(X) and V(X)?

C) Find and sketch the cdf, F(x)

Answer & Explanation Solved by verified expert
4.1 Ratings (516 Votes)
atotal cards52outcomeXPXnumber card3602 23652 06923face card1232 11236    See Answer
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