7.16 A box contains five slips of paper, marked $1, $1, $1, $10, and $25. The winner...

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7.16 A box contains five slips of paper, marked $1, $1,

$1, $10, and $25. The winner of a contest selects two slips of paper at random and then gets the larger of the dollar amounts on the two slips. Define a random variable w by w  amount awarded. Determine the probability distribution of w. (Hint: Think of the slips as numbered 1, 2, 3, 4, and 5, so that an outcome of the experiment consists of two of these numbers.)

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Introduction To Statistics And Data Analysis

ISBN: 9780840054906

4th Edition

Authors: Roxy Peck, Chris Olsen, Jay L. Devore

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