138In the game of roulette, a player can place a $6 bet on the number 34 andprobability of winning. If the metal ball lands on 34, the playergets to keep the $6 paid to play the game and the player is awarded anadditional $210. Otherwise, the player is awarded nothing and the casinotakes the player's $6. What is the expected value of the game to the player?If you played the game 1000 times, how much would you expect to lose?have aThe expected value is $.(Round to the nearest cent as needed.)The player would expect to lose about $(Round to the nearest cent as needed.)

From the provided information, Probability of winning P (winning) = 1/38 Probability of losing P…

Answered: 1 38 In the game of roulette, a player…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Salma has a deck of 10 cards numbered 1 through 10. She is playing a game of chance. This game is this: Salma chooses one card from the deck at random. She wins an amount of money equal to the value of the card if an even numbered card is drawn. She loses $3.50 if an odd numbered card is drawn. (a) Find the expected value of playing the game. dollars (b) What can Salma expect in the long run, after playing the game many times? (She replaces the card in the deck each time.) Salma can expect to gain money. She can expect to win dollars per draw. Salma can expect to lose money. She can expect to lose dollars per draw. Salma can expect to break even (neither gain nor lose money). E E
A card game goes like this: You draw a card from a 52-card deck. If it is a face card (jack, queen or king), you win $5; otherwise, you lose $2. What is your expected value for this game? (Round your answer to the nearest cent.)$
Solve the problem that involves computing expected values in a game of chance. A numbers game run by many state governments allows a player to select a three-digit number from 000 to 999. There are 1000 such numbers. A bet of $14 is placed on a number. If the number is selected, the player wins $1,400. If any other number is selected, the player wins nothing. Find the expected value for the game. A. $12.60 OB. $1.40 OC. -$12.60 OD. -$1.40
In the game of roulette, one of the simplest bets is to wager on red. Here if you bet $1 and the ball lands on a red number in the wheel, then you will win $2 (i.e. profit $1). If the ball lands on a black or green space in the wheel, then you win nothing. What is the expected value on this bet? See the wheel below and show the work that you did to complete this problem. No work = no credit.
An adventurous aardvark is a card shark and gambler. He offered to let you play in a game with him. To play you must pay him $2. If you pick a spade you win $9 what is the expected value for you if you play this game with the aardvark?
A test has three parts. Part A consists of seven true-false questions, part B consists of three multiple-choice questions with five choices each, and part C requires you to match three questions with three different answers one-to-one. Assuming that you make random guesses in filling out your answer sheet, what is the probability that you will earn 100% on the test? (Leave your answer as a formula.) P(E) O P(E) O P(E) = P(E) = P(E) = = = 1 7² x 5³ x 3! 1 27 x 5³ x 3! 1 3² x 53 1 2³ x 35 x 7! x 7! 1 23 x 75 x 3!
Suppose it costs $29 to roll a pair of dice. You get paid 4 dollars times the sum of the numbers that appear on the dice. What is the expected payoff of the game? Is it a fair game? The expected payoff of the game is $? is it a fair game?
An exclusive raffle is being held where only 7 tickets are available. The raffle is free to enter. If you choose to play, you could win $7 or lose $3. Three tickets are winning tickets and you will win $7 if your ticket is drawn. Four tickets are losing tickets where you must pay $3 if your ticket is drawn. What is the expected return if you enter the raffle?
In a game, you roll a die. If you get a 1 or a 5, you would win $5. If you roll a 4 you win $15 and if you roll a 2, 3, or 6 you lose $10. What is the expected value of one roll of the die? Type a response
CHP 4 Suppose a bookie will give you $6 for every $3 you risk if you pick the winners in three games of a sport on a "parlay" card. Thus, for every $3 bet, you will either lose $3 or gain $3. What is the bookie's expected earnings per dollar wagered? (Note the odds of winning and losing on a particular game are the same.) 1. The bookie's expected value for a $3 bet for three games is approximately $enter your response here

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