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?
If a gambler rolls two dice and gets a sum of seven, he wins $10, and...
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...
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 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?
Bob plays a game in which he rolls a pair of fair 6-sided dice once. He adds the number of dots on both dice to create a sum. He loses $1 if he rolls a sum less than 5 doesn’t win or lose anything if he rolls a sum that is higher than 4, but less than 8 wins $1 if he rolls a sum that’s higher than 7 but less than 12 wins $2 if he rolls a sum...
Bob and Doug are playing the following game. Bob starts by rolling two fair dice; if the sum of his dice is six, then he wins the game. If not, then Doug rolls the dice, and if the sum of his rolls is seven, then he wins the game. If neither player wins the game during the first round, then they repeat the process (with Bob going first) until someone wins a round. What is the probability that Bob wins...
2. A game of chance costs $5 to play and consists of rolling a five fair dice. If at least four of the dice shows a number (strictly) greater than 2 then the player wins $10. (a) What is the expected net winnings from one game? (b) Suppose that a gambler plans to keep playing this game until he has lost a total of four games, what is his expected net loss or net winnings under this strategy?
(2)(1 pt) In a gambling game a player roles two dice. The player wins as many dollars as the sum of the numbers on the dice (if the dice are a 5 and a 3, then the player wins 8 dollars). Find the expected winnings of this game.
Question 3 (15 pts). A gambler plays a game in which a fair 6-sided die will be rolled. He is allowed to bet on two sets of outcomes: A (1,2,3) and B (2,4,5,6). If he bets on A then he wins $1 if one of the numbers in A is rolled and otherwise he loses $1 -let X be the amount won by betting on A (so P(X-1)-P(X1)If he bets on B then he wins $0.50 if a number in...
John is a gambler who visits the casino each week. Each Friday, after John is paid at work, he will withdraw $150 to play a particular dice game at the casino. He will pay $50 to roll a dice. If the dice roll is between 1 and 3, he gets nothing. If a 4, 5 or 6 is rolled, the casino will give him $50, $100, and $150 respectively. John will play as many rounds as needed until he either...