A bag contains 4 blue chips and 6 red chips. Chi and Dolly play the following...
A bag contains 4 blue chips and 6 red chips. Chi and Dolly play the following game. Chi selects one chip at random from the bag. If Chi selects a blue chip, Dolly gives Chi $6. If Chi selects a red chip Chi gives Dolly $5.
Determine Chi's expectation
Determine Dolly's expectation
Homework Answers
Probability of blue chip = 4/10 = 0.4
Probability of red chip = 6/10 = 0.6
a) Chi's expectation = 0.4*6 + 0.6 *(-5) = $ -0.6
b) Dolly's expectation = 0.4*(-6) + 0.6 *(5) = $ 0.6
Add Answer to:
A bag contains 4 blue chips and 6 red chips. Chi and Dolly play
the following...
Chips and Red Chips A bag contains 4 blue chips 16.Bed chips. Chi and Dolly play...
Chips and Red Chips A bag contains 4 blue chips 16.Bed chips. Chi and Dolly play the following game. "hi selects one chip at random from the bag. If Chi selects a blue chip, Dolly gives Chi $6. If Chi selects a red chip. Chi gives Dolly $5. a) Determine Chi's expectation. b) Determine Dolly's expectation.
A bag contains 7 black chips and 2 white chips. Dexter and Thanh play the following game. Dexter randomly selects one chip from the bag. If the chip is black, Dexter gives Thanh $4. If the chip is white, Thanh gives Dexter $11.
A bag contains 7 black chips and 2 white chips. Dexter and Thanh play the following game. Dexter randomly selects one chip from the bag. If the chip is black, Dexter gives Thanh $4. If the chip is white, Thanh gives Dexter $11.
A bag contains 6 poker chips, one is red and the other 5 are blue. You...
A bag contains 6 poker chips, one is red and the other 5 are blue. You and a friend take turns selecting a chip at random from the bag. The first person to get the red chip is the winner. Find the probability that you win if you go first and a) the chips are drawn without replacement b) the chips are drawn with replacement.
a bin contains seven red chips, nine green chips, three yellow chips, and six blue chips
a bin contains seven red chips, nine green chips, three yellow chips, and six blue chips. Whats the probability od drawing a red chip, replacing it, then drawing a blue chip
6 blue chips, 3 white chips and 4 re chips are placed in a bag. 3...
6 blue chips, 3 white chips and 4 re chips are placed in a bag. 3 chips are drawn without replacement. what is the probability at least one of the chips is red?
Q10. A bag contains 4 white, 5 red and 6 blue balls. Consecutively 2 balls are...
Q10. A bag contains 4 white, 5 red and 6 blue balls. Consecutively 2 balls are drawn at random from the bag. The probability that all of them are red, is what? Calculate the provability for both with replacement and non-replacement.
A bag contains 4 white, 5 red and 6 blue balls. Three balls are randomly drawn,...
A bag contains 4 white, 5 red and 6 blue balls. Three balls are randomly drawn, without replacement, from the bag. What is the probability that the first two balls are red and the last one is blue?
Two identical boxes have chips in them. Box I has 4 blue chips and 2 red...
Two identical boxes have chips in them. Box I has 4 blue chips and 2 red chips. Box II has 2 blue chips and 6 red chips. A box is randomly selected, and one chip is randomly drawn. a) What is the probability of drawing a red chip? b) Given that Box I was chosen, what is the probability of drawing a red chip? c) Based on your answers in parts a & b, are the events “drawing 1 red...
3. I have a box with 4 blue chips and 6 white chips. I randomly pull...
3. I have a box with 4 blue chips and 6 white chips. I randomly pull a chip from box 1and put it in box 2 which contains 3 blue chips and 8 white chips. Then I randomly pull a chip from box 2 and put it in box 3 which contains 6 blue chips and 3 white chips. a) What is the probability I pull a blue chip from box 3? b) What is the probability I pull a...
Bowl A contains 3 red and 1 white chips, and bowl B contains 3 red and...
Bowl A contains 3 red and 1 white chips, and bowl B contains 3 red and 4 white chips. A chip is drawn at random from bowl A and transferred to bowl B. Compute the probability of then drawing a red chip from bowl B.
Chips and Red Chips A bag contains 4 blue chips 16.Bed chips. Chi and Dolly play the following game. "hi selects one chip at random from the bag. If Chi selects a blue chip, Dolly gives Chi $6. If Chi selects a red chip. Chi gives Dolly $5. a) Determine Chi's expectation. b) Determine Dolly's expectation.
A bag contains 6 poker chips, one is red and the other 5 are blue. You and a friend take turns selecting a chip at random from the bag. The first person to get the red chip is the winner. Find the probability that you win if you go first and a) the chips are drawn without replacement b) the chips are drawn with replacement.
3. I have a box with 4 blue chips and 6 white chips. I randomly pull a chip from box 1and put it in box 2 which contains 3 blue chips and 8 white chips. Then I randomly pull a chip from box 2 and put it in box 3 which contains 6 blue chips and 3 white chips. a) What is the probability I pull a blue chip from box 3? b) What is the probability I pull a...
Most questions answered within 3 hours.
-
A coach uses a new technique to train gymnasts. Seven
gymnasts were randomly selected and their...
asked 19 minutes ago -
While rotating the tires on your car you notice a rock [mass =
0.1 Kg] stuck...
asked 2 hours ago -
Using MARS simulator, write MIPS programs according to
the following scenarios: Receive a positive integer number...
asked 4 hours ago -
An object in front of a concave mirror has a real image that is
11.5 cm...
asked 4 hours ago -
Consider the reaction, C3 H8 + O2 --> CO2 + H2O. How many
moles of O2...
asked 6 hours ago -
You and your opponent both roll a fair die. If you both roll the
same number,...
asked 6 hours ago -
In a study of the accuracy of fast food drive-through orders,
Restaurant A had 257 accurate...
asked 6 hours ago -
Identify and describe in detail the four categories of
institutions that could be included in a...
asked 6 hours ago -
In python
class Customer:
def __init__(self, customer_id, last_name, first_name, phone_number, address):
self._customer_id = int(customer_id)
self._last_name =...
asked 6 hours ago -
What is an example of a limitation in implementing a new
ERP system and how it...
asked 6 hours ago -
In a section of 9.7cm of an artery with a radius of 2.6mm there
is a...
asked 6 hours ago -
the two carboxylic acid groups of aspartic acid have different
acidities with pKa values of 2.1...
asked 6 hours ago