4. Suppose you wish to bet on an event with the probability 0.8 of happening. At...
4. Suppose you wish to bet on an event with the probability 0.8 of happening. At what payout odds would it be a fair bet?
5. Suppose there are two players at a roulette table. The first player wagers $5 on BLACK and thesecond player wagers $10 on a 6 NUMBER bet. What is the casino’s expected total gain from the spin?
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4. Suppose you wish to bet on an event with the probability 0.8
of happening. At...
Question 2.9 lt Wieelr With a bet of $5 on black and a bet of $2...
Question 2.9
lt Wieelr With a bet of $5 on black and a bet of $2 on the specific group of four numbers pictured in Figure 2.1 (13, 14, 16, 17). What is the bettor's expectation on this combined bet? Conclude, as suggested in the text, that the bettor's expected loss is 5.26 cents for every dollar bet. 2.9 A European roulette wheel has 37 sectors including a zero but no double zero. Furthermore if the zero comes up, any...
DQ 4: Counting & Probability A bet on "black in Roulette has a probability of 18/38...
DQ 4: Counting & Probability A bet on "black in Roulette has a probability of 18/38 of winning. If you win, you double your money. You can bet anywhere from $1 to $100 on each spin. a. Suppose you have $10, and are going to play until you go broke or have $20. What is your best strategy for playing? Explain using information you leaned in this module's material, such as expected value. b. Suppose you have $10, and are...
A bet on "black" in Roulette has a probability of 18/38 of winning. If you win,...
A bet on "black" in Roulette has a probability of 18/38 of winning. If you win, you double your money. You can bet anywhere from $1 to $100 on each spin. a. Suppose you have $10, and are going to play until you go broke or have $20. What is your best strategy for playing? Explain using information you learned in this module's material, such as expected value. b. Suppose you have $10, and are going to play until you...
Suppose you make a $5 bet on the number 0 on a roulette wheel with 38...
Suppose you make a $5 bet on the number 0 on a roulette wheel with 38 slots labeled 00, 0, 1, 2, 3, ... , 36. If 0 is spun, you win a net gain of $175. If a 0 is not spun you lose the $5 bet. If you spin the wheel 50 times, how much money can you expect to gain or lose?
Suppose you make a dollar bet on a game in which there is a 1 in 5 chance to win
Suppose you make a dollar bet on a game in which there is a 1 in 5 chance to win. If you win, you win two dollars. On average, you will lose playing this game and each play costs you _______ cents. If you play 200 times, you can expect to lose around _______ dollar .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...
Your best submission for each entire question is used for your score. ASK YOUR TEACHER MY...
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...
Problem Statement: A company intends to offer various versions of roulette game and it wants you...
Problem Statement: A company intends to offer various versions of roulette game and it wants you to develop a customized object-oriented software solution. This company plans to offer one version 100A now (similar to the simple version in project 2 so refer to it for basic requirements, but it allows multiple players and multiple games) and it is planning to add several more versions in the future. Each game has a minimum and maximum bet and it shall be able...
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...
4. Suppose you are attending a fund raising event that will cost you $25 but you...
4. Suppose you are attending a fund raising event that will cost you $25 but you have a chance to win a brand new car with MSRP of 2, There are 2000 paid attendees at this event. (a) (1 point) What is the probability that you win the brand new car? (b) (1 point) Wha t is the probability that you do not win the brand new car? (c) (2 points) Complete the following table. T, your net winning probability...
20. (4 points) If P(A) = 0.025, what are the odds in favor of event A...
20. (4 points) If P(A) = 0.025, what are the odds in favor of event A to occur? A. 1:39 B. 1:38 C. 39:1 D. 0.025 21. (4 points) Suppose the probability that a student passes a math class is 0.6, and the probability that a student passes a psychology class is 0.8. Find the probability that a student passes a math class given that he/she has already passed the psychology class if the probability of passing both classes is...
Question 2.9
lt Wieelr With a bet of $5 on black and a bet of $2 on the specific group of four numbers pictured in Figure 2.1 (13, 14, 16, 17). What is the bettor's expectation on this combined bet? Conclude, as suggested in the text, that the bettor's expected loss is 5.26 cents for every dollar bet. 2.9 A European roulette wheel has 37 sectors including a zero but no double zero. Furthermore if the zero comes up, any...
DQ 4: Counting & Probability A bet on "black in Roulette has a probability of 18/38 of winning. If you win, you double your money. You can bet anywhere from $1 to $100 on each spin. a. Suppose you have $10, and are going to play until you go broke or have $20. What is your best strategy for playing? Explain using information you leaned in this module's material, such as expected value. b. Suppose you have $10, and are...
A bet on "black" in Roulette has a probability of 18/38 of winning. If you win, you double your money. You can bet anywhere from $1 to $100 on each spin. a. Suppose you have $10, and are going to play until you go broke or have $20. What is your best strategy for playing? Explain using information you learned in this module's material, such as expected value. b. Suppose you have $10, and are going to play until you...
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...
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...
4. Suppose you are attending a fund raising event that will cost you $25 but you have a chance to win a brand new car with MSRP of 2, There are 2000 paid attendees at this event. (a) (1 point) What is the probability that you win the brand new car? (b) (1 point) Wha t is the probability that you do not win the brand new car? (c) (2 points) Complete the following table. T, your net winning probability...
20. (4 points) If P(A) = 0.025, what are the odds in favor of event A to occur? A. 1:39 B. 1:38 C. 39:1 D. 0.025 21. (4 points) Suppose the probability that a student passes a math class is 0.6, and the probability that a student passes a psychology class is 0.8. Find the probability that a student passes a math class given that he/she has already passed the psychology class if the probability of passing both classes is...
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