Question 7 First attempt

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X is a discrete random variable. The graph below defines a probability distribution for X .
Report: Expected value 100%
What is the expected value of X ?
1/3 Let's put the probabilities from the graph into a table.

1 Incorrect 2 P (X = 3x)
Incorrect
x Correct

The expected value of a fair 6-sided die is 3.5.
Which of the following statements are true?
Choose all answers that apply:
−5 0.2
Annie is participating in a winner-take-all World Series of X is a discrete random variable. The graph below
Poker tournament that costs 10 thousand dollars to 0 0.4 defines a probability distribution for X .
enter. The prize for winning the tournament is 500
5 0.4
thousand dollars. Annie estimates that there is a 0.5% What is the expected value of X ?
chance that she will win the tournament.
2/3 Now we can easily multiply each value by its probability.

Find the expected value of entering the tournament for

3.5 is one of the possible outcomes of x P (X = x) x ⋅ P (X = x)
A Annie.
rolling a fair 6-sided die. −5 0.2 −1
thousand dollars
0 0.4 0
A fair 6-sided die is more likely to land on
B
the number 4 than the number 6.
5 0.4 2

3/3 The expected value of X is −1 + 0 + 2 = 1.

If you rolled a fair 6-sided die a large
number of times, you should expect the
C
average of the numbers rolled to be about
3.5.

5 Incorrect

6 Correct
The expected value of the sum of two fair 6-sided dice is
7.
X is a discrete random variable. The table below defines
a probability distribution for X .
Which of the following statements are true?
4 Correct
Choose all answers that apply: What is the expected value of X ?
Alice is riding the train to her job in Paris, France. She
accidentally purchased a ticket for zone 4, but she is
No matter how many times you roll two fair
travelling to zone 5. She has decided to risk it and stay
on the train until zone 5 with the incorrect ticket. If the
6-sided dice, the average of the sum of the
A x P (X = x)
 transit authorities check tickets on the train, she will dice will be exactly 7. x P (X = x)
have to pay a fine. Question 7 First attempt
0 0.3
Alice estimates that there is a 5% chance that the B The sum of two fair 6-sided dice could be 5.
3 0.5
transit authorities will check tickets. The fine for having
Responses Draw Hints 7 0.1
X is a discrete random variable.
theThe graph
wrong ticket is 300
below defines a probability
euros. The ticketdistribution for X .
she purchased
cost her 5 euros. If the first die lands on 4, the second die will
C 10 0.1
What is the expected value of X ? always land on 3.
Find the total expected cost of Alice's train ride. 1/3 Let's put the probabilities from the graph into a table.

9 Correct
euros x P (X = x)
−5 0.2 Anouk and Tessa are playing a game where a player flips
0 0.4 a coin. If the coin lands on heads, the player receives 1
point. If the coin lands on tails, the player receives 2
5 0.4 points.

2/3 Now we can easily multiply

The each
expected value
value ofby its probability.
a turn is 1.5 points.

x P (X = Which
x) xof⋅ the
P (X = x) statements are true?
following
8 Incorrect
−5 0.2 −1
Choose all answers that apply:
Ivy is in Las Vegas and bet on her favorite team, the
0 0.4 0
Denver Dragons, to beat the Seattle Sea Turtles.
5 0.4 It is 2
possible for a player to get 1.5 points
A
7 Correct If the Denver Dragons win, she will win 10 dollars. If the on a turn.
Seattle Sea Turtles win, she will lose 113dollars
/3 expected value of X
Theextra
(the is −1 + 0 + 2 = 1.
X is a discrete random variable. The graph below dollar is commission). Ivy estimates that there is a 50%
If they play a large number of turns, they
defines a probability distribution for X . chance of the Denver Dragons winning (there cannot be
B should expect to average about 1.5 points
a tie).
per turn.
What is the expected value of X ?
Find the expected return of placing this bet.
The total number of points from 2 turns
C
dollars must be exactly 3 points.

11 Incorrect
 In Las Vegas, a particular sports bet has about a 30% 12 Correct
Question 7
chance of winning.
If the bet wins, the bettor will win 15 First attempt
dollars. If the bet loses, the bettor will lose 10 dollars. X is a discrete random variable. The table below defines
10 Correct a probability distribution for X .
The expected return of placing one of these bets is Draw
Responses Hints
X is a discrete random variable. The graph below defines a probability distribution for X . −2.50 dollars.
X is a discrete random variable. The graph below What is the expected value of X ?
defines a probability distribution for X .
What is the expected value of X ? Which of the following statements are true?
1/3 Let's put the probabilities from the graph into a table.
What is the expected value of X ?
Choose all answers that apply:
x P (X = x)x P (X = x)
−5 0.2 −7 0.2
It is possible for a bettor to place 2 of these
A
bets and win both of them. 0 0.4 −3 0.1
5 0.4 3 0.4
If a bettor places a large number of these
B bets, they should expect to average
2 / 3 a Now 7
returnwe can easily multiply 0.3value by its probability.
each
of about −2.50 dollars per bet.
x P (X = x) x ⋅ P (X = x)
The average return per bet from −5
2 of these 0.2 −1
C 15 Correct
bets must be exactly −2.50 dollars.
0 0.4 0
5 0.4 John just bought
2 a brand new cell phone and is
considering buying a warranty. The warranty costs 200
euros and is worth 1000 euros if his phone breaks.
John
3/3 The expected value of X is −1 + 0 + 2 = 1.
estimates that there is a 10% chance of his phone
breaking.

Find the expected value of buying the warranty.

13 Incorrect euros

Worldwide Oil Transport Incorporated is considering

hiring a small oil spill response team to follow one of
their ships from Alaska to Russia.
14 Incorrect

The oil spill response team would cost 50 thousand

A teetotum is a spinning top that has an equal
dollars but would save an estimated 2500 thousand
probability of landing on each side. The expected value
dollars in the event of an oil spill. The ship is estimated
of one spin of a 12-sided teetotum (labeled with the
to have a 1% chance of generating an oil spill.
numbers from 1 to 12) is 6.5.
Find the expected value of hiring the oil spill response
Which of the following statements are true?
team.

Choose all answers that apply:

thousand dollars

Th ld l d h b 10
 The teetotum could land on the number 10.
A
Question 7 First attempt

The teetotum is more likely to land on the

B
number 6 than any other number.
Responses Draw Hints
X is a discrete random variable. The graph below defines a probability distribution for X .

No matter how many times you spin the

16
What is the expected value of X ? Correct
C teetotum, the average number
1 /from
3 the
Let's put the probabilities from the graph into a table.
spins will be exactly 6.5.
X is a discrete random variable. The graph below x P (X = x)
defines a probability distribution for X .
−5 0.2
What is the expected value of X ? 0 0.4
5 0.4

2/3 Now we can easily multiply each value by its probability.

x P (X = x) x ⋅ P (X = x)
−5 0.2 −1
0 0.4 0
5 0.4 2

3/3 The expected value of X is −1 + 0 + 2 = 1.