STATISTICS AND PROBABILITY

PROBLEM SET #1: 1- You play a game with two six-sided dice. If you roll a sum of 4 or 7. you win Php 400. If you roll a sum of 10, you win Php 200. However. you lose Php 300 for anything else. Do you continue to play on with the given odds? 2. Genesis wants to invest his money in a fast food restaurant. According to his information. there is a 38% chance of losing Php 400,000. a 30% chance of making a prot of Php 550,000, and a 32% chance of getting a break even. Based on this information, should Genesis invest his money in the fast food restaurant