If a person rolls doubles when she tossing two dice, she wins $12. For the game to be fair, how much should she pay to play the game?
If a person rolls doubles when tossing two dice, the roller profits $50, that is, the roller receives $50 more than the cost of the game. If the game is fair, how much should the person pay to play the game?
1. Sheila has two six-sided dice- one is purple and the other is blue. She rolls both dice and observes the following outcome-if the purple die is 5 and the blue is 1 I might use the Y5G1 to denote the observation. A. How many outcomes come up doubles- both dice have the same number? B. How many possible outcomes are there for this observation? C. Find the probability that my observation is doubles. What contextual assumption do you need...
If a gambler rolls two dice and gets a sum of seven, he wins $10, and if he gets a sum of four, he wins $25. The cost to play the game is $5 A.Give the probability distribution of the winnings for this game. B. What are the expected winnings for a person who plays this game?
A player pays $10 to roll two six-sided dice. She wins $50 if she rolls a sum of 10 and $20 if she rolls a sum of 8. Given the probability distribution for the game (below), compute the expected value of the game to the nearest cent.
If a gambler rolls two dice and gets a sum of 10, he wins $15, and if he gets a sum of three, he wins $20. The cost to play the game is $5. What is the expectation of this game?
If a gambler rolls two dice nad gets a sum of 9, he wins $10 and if he gets a sum of 4 he wins $20. The cost of the game is $5. What is the expectation of the game? If 23% of all commuters ride to work in car pools, find the probability that if eight workers are selected, five will ride in car pools. The probability that a person has a vcr, given that he or she has...
2. "Craps" is a game played by rolling two fair dice. To play one round of this game, the player rolls the dice and the outcome is determined by the following rules: If the total number of dots is 7 or 11 (a "natural"), then the player wins. If the total number of dots is 2, 3, or 12 C'craps"), then the player loses. If the total number of dots is 4, 5, 6,8,9, or 10, then this number is...
2. (25 points) Sekora International Casino (SIC) is launching a new game making use of fair 6-sided dice . In phase 1, roll two 6-sided dice and compute the difference between the rolls. Call this difference . In phase 2, roll r dice, and add up the total of the rolls. This is the payout in dollars of the game. (with the numbers 1-6 on the sides). The game proceeds in two phases as follows: (a) (5 points) In the...
A dice game is played with two distinct 12 sided dice. It costs $3 to roll the pair of dice one time. The payout scheme is as follows 1. Sum of 13 pays $10 Sum of 11 or 15 pays $6 Sum of 7, 9, 17, or 19 pays $3 Any other roll doesn't pay. What is the expected gain/loss after playing the game one time? A "fair" game is one in which the expected gain/loss after playing once is...
In a dice game, the player independently rolls a fair red die and a fair green die.The player wins if and only if the red die shows a 1, or 2, or 3, or if the total on the two dice is 11. What is the probability the player will win?