tK1In the game of roulette, a player can place a $8 bet on the number 14 and have aprobability of winning. If the metal ball lands on 14, the player gets to keep the $8 paid to play the game and theplayer is awarded an additional $280. Otherwise, the player is awarded nothing and the casino takes the player's $8. What is the expected value of the game to the player? If you played the game1000 times, how much would you expect to lose?The expected value is $.(Round to the nearest cent as needed.)The player would expect to lose about $.(Round to the nearest cent as needed.)

Answered: Image /qna-images/answer/301cd726-4875-451b-8ba8-39df75c12680.jpg

Answered: 1 K 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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You are invited to play a game in which 2 coins are tossed. If the both coins come up heads, you win $9. If both come up tails, you lose $5. If one coin is heads and one is tails, you lose $3. What is your expected value? Round your answer to the nearest cent.
Solve the problem that involves computing expected values in a game of chance. A game is played using one die. If the die is rolled and shows a 3, the player wins $7. If the die shows any number other than 3, the player wins nothing. If there is a charge of $1 to play the game, what is the game's expected value? Round to the nearest cent. O A. $0.17 O B. $6.00 OC. -$0.17 OD. -%241.00 Next O vi 10:39 acer esc %23 $4 6. 7 8. 9. S 4 U e
When playing roulette at a casino, a gambler is trying to decide whether to bet $5 on the number 13 or to bet $5 that the outcome is any one of the five possibilities 00, 0, 1, 2, or 3. The gambler knows that the expected value of the $5 bet for a 5 33 single number is - 0.26¢. For the $5 bet that the outcome is 00, 0, 1, 2, or 3, there is a probability of of making a net profit of $30 and a 38 probability of losing $5 38 a. Find the expected value for the $5 bet that the outcome is 00, 0, 1, 2, or 3. b. Which bet is better: a $5 bet on the number 13 or a $5 bet that the outcome is any one of the numbers 00, 0, 1, 2, or 3? Why?
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.)
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 $2. What is your expected value for this game? (Round your answer to the nearest cent.)$
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?
Carlie is betting on a game in which each bet has an expected value of -$0.56. This implies A. Carlie will win $0.56 every time she plays the game. B. Carlie will lose $0.56 every time she plays the game. C. if Carlie plays the game many times, on an average Carlie should expect to lose about $0.56 each game.Is it correct answer C?
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?
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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