ZuoTi.Pro
Question

The odds of winning a game are given as 1:25. What is the probability that you...

The odds of winning a game are given as 1:25. What is the probability that you will win this game? What is the probability that you will lose this game? Consider which number in the odds ratio needs to change and how it needs to change in order to increase the probability of winning.
math   Statistics-And-Probability   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Since odds of winning a game are 1:25, so out of 25 1 26 games, one game is won

Hence the probability of winning is 26 , and

the probability of losing is 2-2

In order to increase the probability of winning, the number 1 must be increased and correspondingly the number 25 is to be decreased.

0 0
Add a comment
Know the answer?
Add Answer to:
The odds of winning a game are given as 1:25. What is the probability that you...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • You are given 6 to 1 odds against tossing three heads with three coins, meaning you...

    You are given 6 to 1 odds against tossing three heads with three coins, meaning you win $6 if you succeed and you lose $1 if you fail. Find the expected value​ (to you) of the game. Would you expect to win or lose money in 1​ game? In 100​ games? Explain. Find the expected value​ (to you) for the game. ___ $___ (Type an integer or a decimal rounded to the nearest hundredth as​ needed.) Would you expect to...

  • The chances of winning are often written in terms of odds rather than probabilities. The odds...

    The chances of winning are often written in terms of odds rather than probabilities. The odds of winning is the ratio of the number of successful outcomes to the number of unsuccessful outcomes. For​ example, if the number of successful outcomes is 2 and the number of unsuccessful outcomes is​ 3, the odds of winning are​ 2:3. The probability of winning an instant prize game is one tenth 1 10 . The odds of winning a different instant prize game...

  • Problem: A game gives you the probability .10 of winning on any 1 play. Plays are...

    Problem: A game gives you the probability .10 of winning on any 1 play. Plays are independent of each other. You play a total of 4 times. Let X represent the number of times you win. a) What is the probability that you don't win at all? b) what is the probability that you win at least once? c) what is the probability that you win once or twice? d) what is the expected value of X? What is the...

  • Your probability of winning a game of chance is 0.4. If you play the game 3...

    Your probability of winning a game of chance is 0.4. If you play the game 3 times, what is the probability that you will win exactly 2 times?

  • In a game, you have a 1/28 probability of winning 125 dollars and a 27/28 probability...

    In a game, you have a 1/28 probability of winning 125 dollars and a 27/28 probability of losing 5 dollars. ON AVERAGE, how much would you expect to win or loose playing this game? SELECT ALL APPLICABLE CHOICES A) E=−23.7E=−23.7 B) E=−0.357E=−0.357 C) E=12.3E=12.3 D) E=−20.4

  • 1. Consider a bet with 2.1.1 odds. This means that if you wager $1, you get...

    1. Consider a bet with 2.1.1 odds. This means that if you wager $1, you get back $2.10 if you win and $0 if you lose. Assume you start with $1 and place a single $1 bet. Let the RV X denote the change in your final wealth, i.e., P(X € (-1,1.1}) = 1. (a) (2 points) If the probability of winning is 45%, find your expected change in wealth E(X). (b) (2 points) If the probability of winning is...

  • 7. Calculate the expected value of the following game. If you win the game, your wealth...

    7. Calculate the expected value of the following game. If you win the game, your wealth will increase by 36 times your wager. If you lose, you lose your wager amount. The probability of winning is 1/38. Calculate the variance of the game.

  • An instant lottery game gives you probability 0.10 of winning on any one play. Plays are...

    An instant lottery game gives you probability 0.10 of winning on any one play. Plays are independent of each other. You play 4 times. a) If X is the number of times you win, contract the probability distribution of X. b) What is the probability that you don't win at all? c) What is the probability that you win at least once? d) What is the expected value of X? What is the standard deviation of X?

  • You are given 6 to 5 odds against tossing three tails with three​ coins, meaning you...

    You are given 6 to 5 odds against tossing three tails with three​ coins, meaning you win ​$6 if you succeed and you lose ​$5 if you fail. Find the expected value​ (to you) of the game. Would you expect to win or lose money in 1​ game? In 100​ games? Explain. Find the expected value​ (to you) for the game.

  • You play two games against the same opponent. The probability you win the first game is...

    You play two games against the same opponent. The probability you win the first game is 0.8. If you win the first game, the probability you also win the second is 0.6. If you lose the first game, the probability that you win the second is 0.4. Complete parts a) through e). a) Are the two games independent? Explain your answer A. Yes; all events are independent. O B. No; the outcome of the first game determines the probability of...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
Active Questions
ADVERTISEMENT