1. The casino game of chuck-a-luck seems quite simple and that it would be apretty good bet. In this game, three dice are rolled (usually inside a wire cage).You can bet a set amount, let's say $5, on a specific number 1-6. You win theamount of your bet for each appearance of your number on the dice. If thenumber does not appear, you lose your bet. For example, let's say you bet $5on the number 3. If it appears on exactly one die, you win $5 (and keep yourbet) with probability 75/216. If it appears on exactly two dice, you win $10(and keep your bet) with probability 15/216. If it appears on all three dice, youwin $15 (and keep your bet) with probability 1/216. If it appears on none ofthe dice, you lose your original $5 bet. Construct the probability distribution forchuck-a-luck and determine your expected winnings on a $5 bet.

Given Information: Three dice are rolled. You bet a $5 on a specific number between 1 to 6. If the…

Answered: 1. The casino game of chuck-a-luck…

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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. A small-town carnival has a simple game that you can play with a number cube. If you roll a 6 you win a fluffy teddy bear. If you roll a 1, 2, 3, 4, or 5 you get a piece of stale gum. After watching other children play the game 50 times, only 2 children have won a teddy bear. You decide to simulate the game with a random number table. a) Determine labels for your outcomes. b) Using the random number table below, determine how many times a “6” appears in 50 trials. c) What percentage of a “6” in 50 trials did you get from the simulation? d) What percentage of a “6” did you observe at the carnival? e) How do your answers for parts (c) and (d) compare? What does this tell you about the

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