Suppose that you are offered the following "deal. You roll a six-sided die.
If you roll a 6, you win $8.
If you roll a 3, 4 or 5, you win $1.
Otherwise, you pay $7.
Complete the Probability Distribution table shown below.
Let X represent your profit and list the X values from smallest to largest. Roond to 4 decimal places where
appropriate.
Probability Distribution
Table
Х
P(X)
Find the expected profit. $
(Round to the nearest cent)