This question evaluates understanding of discrete probability and the Binomial distribution, specifically computing point probabilities, expected value, and standard deviation for count data.
A casino analyst models dice rolls to understand outcome probabilities for marketing promotions.
You roll a fair six-sided die 10 times. Let X be the number of sixes observed.
Compute:
Hint: Model X with a Binomial distribution: n = 10, p = 1/6.
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