Question
Please help me with this question 1. Consider a game of chance with the following rules: It costs $1 for the player to enter the
Please help me with this question
1. Consider a game of chance with the following rules:
It costs $1 for the player to enter the round
Each round, the player announces a single number in the set
{1, 2, 3, 4, 5, 6}
Three fair six-sided dices are rolled
For each die that shows the number announced, the player wins $1.
For example, the player pays $ 1 to enter the game and announces the number 2. If the outcome of the roll is 3, 2, 2 then the player gets back $2. However, if the outcome is 4,5,6 then the player gets nothing back.
We toss a fair coin 3 times. We denote by X the difference between the number of heads and the number of tails obtained (that is X= #H#T).
(a) Calculate fx(X) (the probability mass function of X) and plot it.
(b) Calculate E(X) and Var(X).
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