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VOTU An unfar coin is flipped. If a head tums up, you win $1. Iatailtums up...
o An unfair coin is flipped. If a head turns up, you win 31.a tallume up...
o An unfair coin is flipped. If a head turns up, you win 31.a tallume up you lose 31. The probably of head and the probably of a tall is 47. Lot X be the random variable for the amount won on a single play of this game. What is the expected of the game EX)-dollars (Type an integer or a decimal Round to the nearestent as needed)
An unfair coin is flipped. If a head turns up, you win $1. If a tail...
An unfair coin is flipped. If a head turns up, you win $1. If a tail turns up, you lose $1. The probability of a head is.36 and the probability of a tail is .64. Let X be the random variable for the amount won on a single play of this game. What is the expected value of the game? E(X)= dollars (Type an integer or a decimal. Round to the nearest cent as needed.)
An unfair coin is flipped. If a head turns up, you win $1. If a tail...
An unfair coin is flipped. If a head turns up, you win $1. If a tail turns up, you lose $1. The probability of a head is .61 and the probability of a tail is .39 Let X be the random variable for the amount won on a single play of this game. What is the expected value of the game?
5. You play a game using an unfair coin. Suppose that each time the coin is...
5. You play a game using an unfair coin. Suppose that each time the coin is tossed, the probability of showing "head" is 1/3 and the probability of showing "tail" is 2/3. Also suppose that each time the coin shows head you win 10 dollars and you lose 3 dollars when it shows tail. How much money do you expect to win when the coin is tossed 10 times?
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...
In playing a game, you win or lose 1 dollar with probability 0.5. If you play the game independen...
Use Central Limit Theorem Please!
In playing a game, you win or lose 1 dollar with probability 0.5. If you play the game independently 1,000 times, what is (approximately) the probability that your fortune (the total amount you won or lost) is at least 10 dollars? (Use the Central Limit Theorem)
In playing a game, you win or lose 1 dollar with probability 0.5. If you play the game independently 1,000 times, what is (approximately) the probability that your fortune...
the faces are both heads, you win the condo not match one shows a head, the...
the faces are both heads, you win the condo not match one shows a head, the other tal you lose You and a friend play a game where you cach toss a balanced con. the upper faces on the coins are both as you win 2 (win (-2) Calculate the mean and variance of your winning on a single play of the game. Note that -$ How much should you pay to play this game if your net winning the...
It’s the same game as before with the same rules: in each round a fair coin...
It’s the same game as before with the same rules: in each round a fair coin is tossed and if it comes up heads you win $1, and if it comes up tails you lose $1. The game consists of 50 such rounds. Your net gain at the end of the game is defined as the total amount of money won by you during the game minus the total amount of money lost by you during the game. Having studied...
Consider a game in which a coin will be flipped three times. For each heads you...
Consider a game in which a coin will be flipped three times. For each heads you will be paid $100. Assume that the coin comes up heads with probability 1/3. a. Construct a table of the possibilities and probabilities in this game. Probability Outcome Possibilities 0 heads, 3 tails / 1 heads, 2 tails 2 2 heads, 1 tails 3 3 heads, 0 tails b. Compute the expected value of the game. The expected value of the game is $...
Consider a game in which a coin will be flipped three times. For each heads you will be paid $100. Assume that the...
Consider a game in which a coin will be flipped three times. For each heads you will be paid $100. Assume that the coin comes up heads with probability 1/3. a. Construct a table of the possibilities and probabilities in this game. Probability Outcome Possibilities 0 heads, 3 tails / 1 heads, 2 tails 2 2 heads, 1 tails 3 3 heads, 0 tails b. Compute the expected value of the game. The expected value of the game is $...
o An unfair coin is flipped. If a head turns up, you win 31.a tallume up you lose 31. The probably of head and the probably of a tall is 47. Lot X be the random variable for the amount won on a single play of this game. What is the expected of the game EX)-dollars (Type an integer or a decimal Round to the nearestent as needed)
An unfair coin is flipped. If a head turns up, you win $1. If a tail turns up, you lose $1. The probability of a head is.36 and the probability of a tail is .64. Let X be the random variable for the amount won on a single play of this game. What is the expected value of the game? E(X)= dollars (Type an integer or a decimal. Round to the nearest cent as needed.)
5. You play a game using an unfair coin. Suppose that each time the coin is tossed, the probability of showing "head" is 1/3 and the probability of showing "tail" is 2/3. Also suppose that each time the coin shows head you win 10 dollars and you lose 3 dollars when it shows tail. How much money do you expect to win when the coin is tossed 10 times?
You play two games against the same opponent. The probability you win the first game is 0.8. If you win the first game, the probability you also win the second is 0.6. If you lose the first game, the probability that you win the second is 0.4. Complete parts a) through e). a) Are the two games independent? Explain your answer A. Yes; all events are independent. O B. No; the outcome of the first game determines the probability of...
Use Central Limit Theorem Please!
In playing a game, you win or lose 1 dollar with probability 0.5. If you play the game independently 1,000 times, what is (approximately) the probability that your fortune (the total amount you won or lost) is at least 10 dollars? (Use the Central Limit Theorem)
In playing a game, you win or lose 1 dollar with probability 0.5. If you play the game independently 1,000 times, what is (approximately) the probability that your fortune...
the faces are both heads, you win the condo not match one shows a head, the other tal you lose You and a friend play a game where you cach toss a balanced con. the upper faces on the coins are both as you win 2 (win (-2) Calculate the mean and variance of your winning on a single play of the game. Note that -$ How much should you pay to play this game if your net winning the...
Consider a game in which a coin will be flipped three times. For each heads you will be paid $100. Assume that the coin comes up heads with probability 1/3. a. Construct a table of the possibilities and probabilities in this game. Probability Outcome Possibilities 0 heads, 3 tails / 1 heads, 2 tails 2 2 heads, 1 tails 3 3 heads, 0 tails b. Compute the expected value of the game. The expected value of the game is $...
Consider a game in which a coin will be flipped three times. For each heads you will be paid $100. Assume that the coin comes up heads with probability 1/3. a. Construct a table of the possibilities and probabilities in this game. Probability Outcome Possibilities 0 heads, 3 tails / 1 heads, 2 tails 2 2 heads, 1 tails 3 3 heads, 0 tails b. Compute the expected value of the game. The expected value of the game is $...
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