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ALL ABOUT STATS Ill. Analyze and Solve the following problems. 1. A. fair six-sided die is tossed. it costs Pl to play this gambling game.

ALL ABOUT STATS
Ill. Analyze and Solve the following problems. 1. A. fair six-sided die is tossed. it costs Pl to play this gambling game. You win P300 if the outcome is a perfect square number, but for all other outcomes, you lose your bet. What is the expected net winning? 2. A. 33yearold mother pays P12,D per annum for a PEDEDDD life insurance policy. Actuarial research shows that the probability of death during the year for female of the same age, medical history and prole, is (111009. What is the expected value of the policy for the insurance oompany

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