Interpret the Mean of a Discrete Random Variable as an Expected

question 1

Multiple Choice

Interpret the Mean of a Discrete Random Variable as an Expected Value
-A dice game involves throwing three dice and betting on one of the six numbers that are on the dice. The game costs $\$ 7$ to play, and you win if the number you bet appears on any of the dice. The distribution for the outcomes of the game (including the profit) is shown below:
$\begin{array}{ccc}\hline \text { Number of dice with your number } & \text { Profit } & \text { Probability of Observing } \\\hline 0 & -\$ 7 & 125 / 216 \\1 & \$ 7 & 75 / 216 \\2 & \$ 9 & 15 / 216 \\3 & \$ 21 & 1 / 216\end{array}$

Find your expected profit from playing this game.

• A) \(- \$ 0.92\)
• B) \(\$ 0.50\)
• C) \(\$ 7.18\)
• D) \(\$ 3.90\)

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Functional Assessment

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