1 In the game of roulette, a player can place a $10 bet on the number 2 and have a probability of winning. 38 If the metal ball lands on 2, the player gets to keep the $10 paid to play the game and the player is awarded an additional $350. Otherwise, the player is awarded nothing and the casino takes the player's $10. 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? The expected value is $ (Round to the nearest cent as needed.) ...

1 In the game of roulette, a player can place a $10 bet on the number 2 and have a probability of winning. 38 If the metal ball lands on 2, the player gets to keep the $10 paid to play the game and the player is awarded an additional $350. Otherwise, the player is awarded nothing and the casino takes the player's $10. 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? The expected value is $ (Round to the nearest cent as needed.) ...

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

1 In the game of roulette, a player can place a $4 bet on the number 7 and have a probability of winning. If the metal ball lands on 7, the player gets to keep the $4 38 paid to play the game and the player is awarded an additional $140. Otherwise, the player is awarded nothing and the casino takes the player's $4. 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? Note that the expected value is the amount, on average, one would expect to gain or lose each game. The expected value is $ (Round to the nearest cent as needed.)
The Math Team is hosting a raffle, and only 100 people will be allowed to enter. A ticket costs $2 and the prize is a $50 gift card. Only one person will win. What is the probability that you will win? What is the probability that you will not win? Find the expected value.
You bet $50 on 00 in a game of roulette. If the wheel spins 00, you have a net win of $1,750, otherwise you lose the $50. A standard roulette wheel has 38 slots numbered 00, 0, 1, 2, ... , 36. What is the expected profit for one spin of the roulette wheel with this bet? Round your answer to the nearest cent. Enter an expected loss as a negative number.
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 $2. What is your expected value for this game? (Round your answer to the nearest cent.)$
A carnival game consist of a player paying a dollar to guess the result of a fair 6 sided die if the player's guess is correct he wins five dollars. What is the expected value of the game and what would be the fair price for the game?
You flip two fair coins. If both coins land heads you win $2. Otherwise you lose $1. What is the expectation of this game? Round your answer to the nearest cent.
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.
In the game of roulette, a player can place a $5 bet on the number 20 and have a 138 probability of winning. If the metal ball lands on 20, the player gets to keep the $5 paid to play the game and the player is awarded an additional $175. Otherwise, the player is awarded nothing and the casino takes the player's $5. 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?
1 In the game of roulette, a player can place a $8 bet on the number 27 and have a probability of winning. If the metal ball lands on 27, the player gets to keep the $8 paid to play the game and the player is awarded an additional $280. Otherwise, the player is awarded 38 nothing and the casino takes the player's $8. 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? The expected value is $ (Round to the nearest cent as needed.)
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