(Solved):
otherwise. Complete parts (a) through (d). Click the icon to view a table of all possible o ...
otherwise. Complete parts (a) through (d). Click the icon to view a table of all possible outcomes of a two dice roll. a. Construct the probability distribution representing the different outcomes that are possible for a $4.00 bet using method one. (Type an exact answer in simplified form.) b. Construct the probability distribution representing the different outcomes that are possible for a $4.00 bet using method two. (Type an exact answer in simplified form.) c. Construct the probability distribution representing the different outcomes that are possible for a $4.00 bet using method three. (Type an exact answer in simplified form.) d. What is the expected long-run profit (or loss) to the player for each of the three methods of play? Method one expected profit (or loss) ?=$??=$??=$?? Method two expected profit (or loss) Method three expected profit (or loss) ??=$??=$?? (Round to the nearest cent as needed.)
Data table Outcomes of a two dice rnll