For Exercises 17–24, use the given information to do the following for the indicated random variable :

  1. Construct a probability distribution table.
  2. Construct a probability distribution graph.

Question 6.19

19. Joshua is going to make it big on Wall Street, if only he can graduate from college first. Joshua has invested money in a high-risk mutual fund, and has figured his probability of losing $10,000 to be one-third, his probability of gaining $10,000 to be one-half, and his probability of gaining $50,000 to be one-sixth. Let .

6.1.19

(a)

−$10,000 $10,000 $50,000
1/3 1/2 1/6

(b)

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