Mathematics
Mathematics, 30.07.2019 16:20, haydonmetzger

Acertain casino advertises a 95% payback on its slot machines. a) what does 95% payback mean to the gambler? (you may need to research this question.) b) interpret 95% payback in terms of expected value. that is, what is the expected value of a $1 pull on the slots? c) how does this compare to choosing "19-36" or the lower row" on the roulette table?

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Acertain casino advertises a 95% payback on its slot machines. a) what does 95% payback mean to the...

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