Mathematics
Mathematics, 08.11.2019 04:31, gabi83

Chapter 5
discrete probability distributions
lity of losing $5 and you
the prize is $180, includin
roulette wo you have in of $175. utcome is an odd number,
imber 7 in. of making if you bet,
of making a net gain of $5 is
$10 that includes your
17. expected value in roulette when you give the venetian casino in las
bet on the number 7 in roulette, you have a 37/38 probability of lo
have a 1/38 probability of making a net gain of $175. (the prize is
your $5 bet, so the net gain is $175.) if you bet $5 that the outcome
the probability of losing $5 is 20/38 and the probability of making
18/38. (if you bet $5 on an odd number and win, you are given $10 that
bet, so the net gain is $5.)
a. if you bet $5 on the number 7, what is your expected value?
b. if you bet $5 that the outcome is an odd number, what is your expect
c. which of these options is best: bet on 7, bet on an odd number
or what is your expected value?
odd number, or don't bet?
why?

answer
Answers: 3

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 12:50, litzy9506
Describe all the numbers that when rounded to the nearest thousand are 645,000
Answers: 3
image
Mathematics, 21.06.2019 18:30, Snowinvain
An arc subtends a central angle measuring 7pi/4 radians what fraction of the circumference is this arc?
Answers: 1
image
Mathematics, 21.06.2019 19:00, datands
Acompany that manufactures and sells guitars made changes in their product range. from the start they had 20 models. then they reduced the number of models to 15. as a result, the company enjoyed a 10% increase in turnover. - how much did the stock level change? in (%)
Answers: 2
image
Mathematics, 21.06.2019 20:00, ElizabethF
Aball is dropped from a height of 10m above the ground. it bounce to 90% of its previous height on each bounce. what is the approximate height that the ball bounce to the fourth bounce?
Answers: 2
Do you know the correct answer?
Chapter 5
discrete probability distributions
lity of losing $5 and you
the prize i...

Questions in other subjects: