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You Roll a Fair Die

question 59

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You roll a fair die.If you get a number greater than 4,you win $70.If not,you get to roll again.If you get a number greater then 4 the second time,you win $30.Otherwise you win nothing.
Create a probability model for the amount you win at this game.


Definitions:

Median

The middle value in a data set when the values are arranged in ascending or descending order.

Skewed

A description of data that are not symmetrically distributed around the mean, often indicating a longer tail on one side of the distribution.

Parameter

In statistical analysis, a parameter is a quantity that characterizes a certain aspect of a population or a model.

Statistic

A number that describes a characteristic of a sample, derived from the data that the sample contains.

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