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A game in a casino is played with a fair coin and an unbiased cubical die whose faces are labelled \(1, 1, 1, 2, 2\) and \(3.\) In each round of the game, the die is rolled once and the coin is tossed once. The outcome of the round is a random variable \(X\). The value, \(x\), of \(X\) is determined as follows. If the result of the toss is heads then \(x= \vert ks -1\vert\), and if the result of the toss is tails then \(x=\vert k-s\vert\), where \(s\) is the number on the die and \(k\) is a given number. Show that \(\mathbb{E}(X^2) = k +13(k-1)^2 /6\). Given that both \(\mathbb{E}(X^2)\) and \(\mathbb{E}(X)\) are positive integers, and that \(k\) is a single-digit positive integer, determine the value of \(k\), and write down the probability distribution of \(X\). A gambler pays \(\pounds 1\) to play the game, which consists of two rounds. The gambler is paid:
Solution: \begin{align*} && \mathbb{E}(X^2) &= \frac12 \left (\frac16 \left ( 3(k -1)^2+2(2k-1)^2+(3k-1)^2 \right) +\frac16 \left ( 3(k -1)^2+2(k-2)^2+(k-3)^2 \right) \right) \\ &&&= \frac12 \left (\frac16 \left (20k^2-20k+6 \right) + \frac16 \left ( 6k^2-20k+20\right) \right) \\ &&&= \frac1{12} \left (26k^2-40k+ 26\right) \\ &&&= \frac{13}{6} (k^2+1) - \frac{10}{3}k \\ &&&= \frac{13}{6}(k-1)^2+k \end{align*} Since \(k\) a single digit positive number and \(\mathbb{E}(X^2)\) is an integer, \(6 \mid k-1 \Rightarrow k = 1, 7\). \begin{align*} \mathbb{E}(X | k=1) &= \frac12 \left (\frac16 \left ( 2+2 \right) +\frac16 \left ( 2+2 \right) \right) = \frac23 \not \in \mathbb{Z}\\ \mathbb{E}(X | k=7) &= \frac12 \left (\frac16 \left ( 3\cdot6+2\cdot13+20 \right) +\frac16 \left ( 3\cdot6+2\cdot5+4 \right) \right) = 8 \end{align*} Therefore \(k = 7\) The probability distribution is \begin{align*} && \mathbb{P}(X=4) = \frac1{12} \\ && \mathbb{P}(X=5) = \frac1{6} \\ && \mathbb{P}(X=6) = \frac12 \\ && \mathbb{P}(X=13) = \frac1{6} \\ && \mathbb{P}(X=20)= \frac1{12} \\ \end{align*} The only ways to score more than \(25\) are: \(20+6, 20+13, 20+20, 13+13\) The only ways to score exactly \(25\) are \(20+5\) \begin{align*} \mathbb{P}(>25) &= \frac1{12} \cdot\left(2\cdot \frac12+2\cdot\frac16+\frac1{12}\right) + \frac{1}{6^2} \\ &= \frac{7}{48} \\ \mathbb{P}(=25) &= \frac{2}{12 \cdot 6} = \frac{1}{36} \\ \\ \mathbb{E}(\text{payout}) &= \frac{7}{48}w + \frac{1}{36} = \frac{21w+4}{144} \end{align*} The casino needs \(\frac{21w+4}{144} < 1 \Rightarrow 21w< 140 \Rightarrow w < \frac{20}{3}\)