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To earn full credit for this question, use your own sheet of paper to solve the problem, showing all steps of your work. A ping

To earn full credit for this question, use your own sheet of paper to solve the problem, showing all steps of your work.

A ping pong ball is drawn at random from an urn consisting of balls numbered 4 through 9. A player wins $1.5 if the number on the ball is odd and loses $0.5 if the number is even.

Let x be the amount of money a player will win/lose when playing this game, where x is negative when the player loses money.

(a) Construct the probability distribution table for this game. Round your answers to two decimal places.

Outcome x Probability P(x)

__

__

__

__

__

__

(b) What is the expected value of player's winnings? Round to the nearest hundreth.

(c) Interpret the meaning of the expected value in the context of this problem.

Use the space below to type the answer AND/OR to upload a picture of your work for all the questions in this problem.

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