Essay
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 values, and indicate their units.
a. E ( X )
b. V ( X )
c. Standard deviation of X
Correct Answer:

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a. $3.40
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