Question
A game is played by rolling a fair die. The player receives P150 if a perfect square number shows up, and pays P60 otherwise. If
A game is played by rolling a fair die. The player receives P150 if a perfect square number shows up, and pays P60 otherwise.
If X is the random variable for the gain in this game, which of the following conclusions is correct? answer: the game is not fair since the expected value of the gain is 10.
A jar contains 12 pieces of 5 peso coin, 7 pieces of 10 peso coin and 6 pieces of 20 pesos coin. You are going to get 5 pieces of coin from the jar.
(i) What is the probability getting 3 pieces of 5 peso coin?
(ii) What is the probability of getting at most 1 piece of 5 peso coin?
(iii) How many pieces of 5 peso coin do you expect to get?
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