10. You decide to play 10 spins of Roulette and bet each time that the ball...
10. You decide to play 10 spins of Roulette and bet each time that the ball will land on a red number. Use the exact formula to compute the probability of a. winning 4 times P(X=4). (2-Pts)
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10. You decide to play 10 spins of Roulette and bet each time
that the ball...
A roulette wheel has 38 slots, numbered 0 , 00 , and 1 to 36 ....
A roulette wheel has 38 slots, numbered 0 , 00 , and 1 to 36 . The slots 0 and 00 are colored green, 18 of the others are red, and 18 are black. The dealer spins the wheel and, at the same time, rolls a small ball along the wheel in the opposite direction. The wheel is carefully balanced so that the ball is equally likely to land in any slot when the wheel slows. Gamblers can bet on...
You go to the casino and play roulette. You decide to place bets that the ball...
You go to the casino and play roulette. You decide to place bets that the ball will land on the number 18. On a roulette wheel there are the number 1-36,0 and '00'. Thus the likelihood that you win any one spin is 1 in 38 You decide to play 20 times, thus you are in Binomial Land and the potential results of your gambling will be drawn from a binomial distribution B(20,1/38). What is the probability that you win:
1. In the game of roulette a metal ball is dropped into a spinning wheel having...
1. In the game of roulette a metal ball is dropped into a spinning wheel having 38 compartments, 18 of which are red, 18 are black, and two are green. Suppose we spin the wheel ten consecutive times and let a random variable X be the number of times the metal ball will land on a red color. a. Construct the probability distribution of X. b. Suppose you always bet $5 on red. If red...
ollar on the number 4. (8 pts) You play roulette betting one dollar on the 5 each time. The bet pays 35 to 1. You...
ollar on the number 4. (8 pts) You play roulette betting one dollar on the 5 each time. The bet pays 35 to 1. You have a 1 in 38 chan win. On average, you will lose playing this game and each play will cost you approximately- cents. (Round to the nearest cent) Suppose you play roulette 64 times, betting a dollar on the number 5 each time, your expected net gain is dollars. dollars. Using the short-cut, the SD...
You play roulette betting one dollar on the number 5 each time. The bet pays 35...
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 win. On average, you will lose playing this game and each play will cost you approximately _____ cents. (Round to the nearest cent) Suppose you play roulette 64 times, betting a dollar on the number 5 each time, your expected net gain is______ dollars. Using the short-cut, the SD for the box model is...
Question 3 0/1.6 pts A roulette wheel has 16 red slots, 16 black slots, and 2 green slots. When i...
Question 3 0/1.6 pts A roulette wheel has 16 red slots, 16 black slots, and 2 green slots. When it is spun, a metal ball has an equal chance to land in each slot. A bet on red pays even money, i.e., if the ball lands in a red slot you win an amount equal to your bet and if the ball does not land in a red slot you lose the amount you bet. You come to the roulette...
5.) In the game of Roulette described above you can also bet on a color. For...
5.) In the game of Roulette described above you can also bet on a color. For example, 18 of the 38 numbers are red and you can bet $1 that the wheel will land on a red number. If a red number does not come up the casino pays you nothing while if a red number does come up the casino pays you $2. Remember in calculating your profit that you started by paying the casino $1. If you bet...
A roulette wheel has 38 slots, numbered 0, 00, and 1 to 36. The slots 0...
A roulette wheel has 38 slots, numbered 0, 00, and 1 to 36. The slots 0 and 00 are colored green, 18 of the others are red, and 18 are black. The dealer spins the wheel and at the same time rolls a small ball along the wheel in the opposite direction. The wheel is carefully balanced so that the ball is equally likely to land in any slot when the wheel slows. Gamblers can bet on various combinations of...
2. (From the Fall 2017 takehome.) In American roulette, a roulette wheel with 38 possible outcomeste...
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...
Some help in this question, please?! In the casino game of roulette, you can bet on...
Some help in this question, please?!
In the casino game of roulette, you can bet on whether the ball will fall in an arc on the wheel colored red, black, or green. The arcs are of equal length with 18 colored red, 18 colored black and 2 colored green. Suppose you make a S5 bet on red. 3. a. Create a probability distribution for this situation where X = net winnings for this single bet. (4 points) b. Compute the...
You go to the casino and play roulette. You decide to place bets that the ball will land on the number 18. On a roulette wheel there are the number 1-36,0 and '00'. Thus the likelihood that you win any one spin is 1 in 38 You decide to play 20 times, thus you are in Binomial Land and the potential results of your gambling will be drawn from a binomial distribution B(20,1/38). What is the probability that you win:
ollar on the number 4. (8 pts) You play roulette betting one dollar on the 5 each time. The bet pays 35 to 1. You have a 1 in 38 chan win. On average, you will lose playing this game and each play will cost you approximately- cents. (Round to the nearest cent) Suppose you play roulette 64 times, betting a dollar on the number 5 each time, your expected net gain is dollars. dollars. Using the short-cut, the SD...
Question 3 0/1.6 pts A roulette wheel has 16 red slots, 16 black slots, and 2 green slots. When it is spun, a metal ball has an equal chance to land in each slot. A bet on red pays even money, i.e., if the ball lands in a red slot you win an amount equal to your bet and if the ball does not land in a red slot you lose the amount you bet. You come to the roulette...
5.) In the game of Roulette described above you can also bet on a color. For example, 18 of the 38 numbers are red and you can bet $1 that the wheel will land on a red number. If a red number does not come up the casino pays you nothing while if a red number does come up the casino pays you $2. Remember in calculating your profit that you started by paying the casino $1. If you bet...
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...
Some help in this question, please?!
In the casino game of roulette, you can bet on whether the ball will fall in an arc on the wheel colored red, black, or green. The arcs are of equal length with 18 colored red, 18 colored black and 2 colored green. Suppose you make a S5 bet on red. 3. a. Create a probability distribution for this situation where X = net winnings for this single bet. (4 points) b. Compute the...
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