In the casino game chuckaluck three fair sixsided dice are r
In the casino game chuck-a-luck, three fair six-sided dice are rolled. One possible bet is $1 on fives, and the payoff is equal to $1 for each five ob that roll. In adddition, the dollar bet is returned if at least one five is rolled. The dollar that was bet is lost only if no fives are rolled. Let X denote the payoff for the game. Then X can equal -1,1,2, or 3.
Determine the pmf f(x), calculate M(mean), 2 and
Depict the pmf as a probability histogram
Solution
