One of the wagers in roulette is to bet that the ball will stop on a number that is a multiple of 3. (Both 0 and 00 are not included.) If the ball stops on such a number, the player wins double the amount bet. If a player bets $2, compute the player's expectation. (Round your answer to two decimal places.)
One of the wagers in roulette is to bet that the ball will stop on a...
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One of the wagers in the game of roulette is to place a bet that the ball will land on a red number. (Eighteen of the numbers are black, 18 are red, and two are green.) If the ball lands on a red number, the player wins the amount of his bet. If a player bets $5, find the player's expectation. (Round your answer to two decimal places.)
Your best submission for each entire question is used for your score. ASK YOUR TEACHER MY NOTES 5. [O/1 Points] DETAILS PREVIOUS ANSWERS AUFQR1ACC 7.6.003. 4/6 Submissions Used One of the wagers in the game of roulette is to place a bet that the ball will land on a black number (Eighteen of the numbers are black, 18 are red, and two are green.) If the ballands on a black number the player wins the amount bet. If a player...
2. (From the Fall 2017 takehome.) In American roulette, a roulette wheel with 38 possible outcomeste numbers 1 to 36, "0", and "00" is spun. As the wheel spins, players makes bets on which number the ball w land on. Eventually the wheel stops, and a ball lands randomly on one of the 38 numbers, with an equal probability for each one. A statistics professor's father bets that the wheel wil land on one of the numbers from 1 to...
Roulette is one of the most common games played in gambling casinos in Las Vegas and elsewhere. An American roulette wheel has slots marked with the numbers from 1 to 36 as well as 0 and 00 (the latter is called "double zero"). Half of the slots marked 1 to 36 are colored red and the other half are black. (The 0 and 00 are colored green.) With each spin of the wheel, the ball lands in one of these...
Roulette is one of the most common games played in gambling casinos in Las Vegas and elsewhere. An American roulette wheel has slots marked with the numbers from 1 to 36 as well as 0 and 00 (the latter is called "double zero"). Half of the slots marked 1 to 36 are colored red and the other half are black. (The 0 and 00 are colored green.) With each spin of the wheel, the ball lands in one of these...
In the game of roulette, when a player gives the casino $1 for a bet on the number 24, the player has a 37/38 probability of losing $1 and a 1/38 probability of making a net gain of $35. (The prize is $36, but the player's $1 bet is not returned, so the net gain is $35.) If a player bets $1 that the outcome is an odd number, the probability of losing $1 is 20/38 and the probability of...
If a gambler places a bet on the number 7 in roulette he or she has a 1/38 probability of winning a. Find the mean and standard deviation for the number of wins of gamblers who bet on the number 7 two hundred and forty times b. Would 0 wins in two hundred and forty bets be an unusually low number of wins? a. The value of the mean is u = 6.3 (Round to one decimal place as needed.)...
11. If a gambler places a bet on the number 7 in roulette, he or she has a 1/38 probability of winning. a. Find the mean and standard deviation for the number of wins of gamblers who bet on the number 7 two hundred and fifty times. b. Would 0 wins in two hundred and fifty bets be an unusually low number of wins?
In roulette, the numbers from 1 to 36 are evenly distributed between red and black. A player who bets $1 on black wins $1 (and gets the $1 bet back) if the ball comes to rest on black; otherwise (if the ball lands on red, 0, or 00), the $1 bet is lost. One option in a roulette game is to bet $11 on red. If the ball lands on red, you get to keep the $11 you paid to...