Mathematics, 20.06.2020 18:57 villarrealc1987
The manager of a casino would like to add a new type of slot machine game to the casino. Given below are the probability distributions for her top four choices. The values of the random variable are the amounts the casino would either gain (positive values) or have to pay out (negative values). Which game would provide the highest expected pay out to the casino?
Slot Machine Game A
xx P(X=x)P(X=x) 55 0.750.75 β10β10 0.200.20 β100β100 0.050.05
Slot Machine Game B
xx P(X=x)P(X=x)
22 0.710.71
β5β5 0.230.23
β50β50 0.060.06
Slot Machine Game C
xx P(X=x)P(X=x)
11 0.820.82
β1β1 0.010.01
β50β50 0.170.17
Slot Machine Game D
xx P(X=x)P(X=x)
66 0.760.76
β3β3 0.220.22
β150β150 0.020.02
Answers: 3
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