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Math Help - Statistics...probability model

  1. #1
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    Statistics...probability model

    I need to create a probability model for the amount I win at this game.

    How would I set this up?

    You roll a die. If it comes up a 6, you win $100. If not, you get to roll again. If you get a 6 the second time, you win $50. If not, you lose.

    Id really appreciate it if someone could help me!
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  2. #2
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    Quote Originally Posted by Morgan82 View Post
    I need to create a probability model for the amount I win at this game.

    How would I set this up?

    You roll a die. If it comes up a 6, you win $100. If not, you get to roll again. If you get a 6 the second time, you win $50. If not, you lose.

    Id really appreciate it if someone could help me!
    Pr(Win $100) = 1/6.
    Pr(Win $50) = (5/6)(1/6) = 5/36.
    Pr(You lose) = 1 - (1/6) - (5/36) = 25/36.
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