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There is a probability of 0.307 that a soccer team will win a game. There is also a probability of 0.182 that the soccer team will not have a player sent off in the game. However, if the soccer team does not have a player sent off, then there is a probability of 0.562 that the team will win the game. What is the probability that the team wins a game given that it has a player sent off? Round...
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Dice game rules: you win $21 if you roll a 1 or a 2, you win $13 if you roll a 3,4,5 or 6. What should you pay to make this a fair game?
I propose a game of chance! 70% of the time you win nothing, 20% of the time you win $10, 9% of the time you win $100, and 1% of the time you win $1000. What is a fair price for this game - how much should you pay to match the expected value of this game?
THE PROBABILITY THAT YOU WILL WIN A CERTAIN GAME IS 0.3. assume that you play yhe game 20 times. 1. What is the probability you will NEVER win the game in your 20 trials 2. what is the expected number of times that you win
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.
At the State Fair you see people trying to win a prize at a game booth. They are sliding a metal disk shaped like a puck up a wooden ramp so that it stops in a marked zone near the top of the ramp before sliding back down. You estimate that you can slide the disk at 8.0 ft/sec, but would that win the game? The two boundaries of the zone appear to be at 10 and 10.5 feet from...
The probability you win a game is 0.40. If you play the game 90 times, what is the most likely number of wins you will get? This is the same is the mean of the binomial distribution with N=90 and p=0.40, and it is also the expected value of playing the game 90 times.
6. (10 pts) A game is fair, if the expected value that you win is zero. Determine whether or not the If you throw exactly two heads in three tosses of a coin you win $40, if following game is fair: not, you pay me $32. This game is because the expected value of your gain is
Suppose you make a dollar bet on a game in which there is a 1 in 5 chance to win. If you win, you win two dollars. On average, you will lose playing this game and each play costs you _______ cents. If you play 200 times, you can expect to lose around _______ dollar .You play roulette betting one dollar on the number 5 each time. The bet pays 35 to 1. You have a 1 in 38 chance to...