solved: Select your starting position (starting position is on Vermont…

  

Select your starting position (starting position is on Vermont…Select your starting position (starting position is on Vermont Avenue on the Monopoly board provided in the picture) on the Monopoly Board and place at least one house and one hotel within the range of your roll where “a roll” is the sum of two dice (roll is a 6 so one house on Virginia Avenue so one house and one hotel on Virginia Avenue spot on the Monopoly Board). The rent you must pay when you land on a property without houses or hotels is stated on the Monopoly board; the rent with houses or a hotel is shown on the Deed cards. Assume you do not own any of the properties in that neighborhood. For simplicity, here, count landing on Chance or on Community Chest to result in a $0 outcome. Let the term payout denote the amount of money you pay on the next roll. Construct the probability distribution of the payout, graph the probability distribution of the payout, and explain what you have done. Show how the expected value and variance of the payout are computed from the payout probability distribution. Chance Cards:Image transcription textChance ADVANCE TO Chance YouHave Been ST. CHARLES PLACEChance, Advance token to… Show more… Show moreCommunity Chest Cards:Image transcription textCommunity Chest Community ChestCommunity Chest Community ChestYOU HAVE WON FROM … Show more… Show moreMonopoly Board:Image transcription textCUVO JOI NO 091 1714 MOTION 09 VISITING PAY103 ssva nox SV NVINY! MEDITER AVENUE REVIVS00 00 TAX AVENUE AVENUE AVENUE … Show more… Show moreImage transcription textLUXURY CHANCE COMMUNITY SHORT CHEST TAX LINE GO TO IDAIOWALE PAIKPENNSYLVANIA PACIFIC PLACE NORTH AVINA CAROLINA AVENUE AVENUE FOLLOW JAIL PAY171.00 INSTRUCTIONS ON TOP CARD… Show moreProperty Deeds:Image transcription textTITLE DEED TITLE DEED TITLE DEEDTITLE DEED MEDITERRANEAN AVE.STATES AVE. KENTUCKY PA… Show more… Show more  Math STAT 9708

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