An urn contains 7 black balls, 4 red balls, 3 white balls and 1
blue ball, and a player is to draw one ball. If it is black, he
wins $1, if it is red, he wins $2, if it is white he wins $3 and if
it is blue, he pay $25.
a. Set up the empirical probability distribution for the random
variable X, the payoff of the game.
Game Payoff (X)
Probability [P(X)
$1
$2
$3
$4
b....