Solution:
given
Probability of winning at the game = 244 / 495 = 0.4929
number of games to win out of 5 = 5
probability of winning 5 games P(X = 5) =
=
= 0.0291
The probability of winning at the game craps is 244/495. Find the probability of coming out...
Problem 9 A single game of craps (a dice game) consists of at most two rolls of a pair of six sided dice. The ways to win are as follows: Win-the first roll of the pair of dice sums to either 7 or 1 (you win, game over, no second roll Win the first roll of the pair of dice does NOT sum to either 7 or 1 but the sum of the second roll is equal to the sum...
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Casino games of pure chance (e.g., craps, roulette, baccarat, and keno) always yield a "house advantage." For example, in the game of double-zero roulette, the expected casino win percentage is 5.29% on bets made on whether the outcome will be either black or red. (This implies that for every $5 bet on black or red, the casino will earn a net of about 29 cents.) It can be shown that in 100 roulette plays on black/red, the average casino win...
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Casino games of pure chance (e.g., craps, roulette, baccarat, and keno) always yield a "house advantage." For example, in the game of double-zero roulette, the expected casino win percentage is5.37% on bets made on whether the outcome will be either black or red. (This implies that for every $5 bet on black or red, the casino will earn a net of about 37 cents.) It can be shown that in 100 roulette plays on black/red, the average casino win percentage...
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