Your friend Phil, asks you what you think about a new scratch-off lottery game. It costs $10 to play this game, There are two outcomes for the game (win, lose) and the probability that a player wins a game is 60%. A win results in $15, for a net win of $5 ($15 minus the $10 paid to play). The probability distribution for x (the amount of money a player wins or loses) in a single game is as follows: x - Net Money Won or Lost P(x) - Probability Win 0.60 Lose $ 0.40 Using the information in the table, complete the following 1. Interpret the table. There is a 40% * chance of winning $10 + and a 40% + chance of losing $10 + 2. What is the expected value of x? E(x) = 3. What is the standard deviation? o = (Round to then nearest hundredth).This question is based on the information from the previous question. 1. If Phil plays the game 1 time, how likely is he to win money? There is a % chance that Phil will win if he plays 1 time. 2. Phil thinks if he plays the game many, many times, he is likely to make money because the percent of winning sounds good to him. Is he right? Yes