Blackjack The Probability Distribution of a Random Variable X Is Shown

question 181

Short Answer

Blackjack
The probability distribution of a random variable X is shown below,where X represents the amount of money (in $1,000s)gained or lost in a particular game of Blackjack. ​ ​
-{Blackjack Narrative} Find the following probabilities:
a.P(X ≤ 0)
b.P(X > 3)
c.P(0 ≤ X ≤ 4)
d.P(X = 5)

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenues, indicating the net earnings attributable to shareholders.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since it was put into use.

Financing Activities

Transactions that result in changes in the size and composition of the equity capital or borrowings of a company, reflected in its statement of cash flows.

Operating Activities

Daily activities of a business related to producing and delivering its products and services, which generate the majority of a company's cash flow.