intervalslikely.)Ca. Create a probability model for the number of children they might have.b. Find the expected number of children.c. Find the expected number of boys they'll have.14. Carnival A carnival game offers a $100 cash prize for anyone who can break a balloonby throwing a dart at it. It costs $5 to play, and you're willing to spend up to $20 trying towin. You estimate that you have about a 10% chance of hitting the balloon on anythrow.a. Create a probability model for this carnival game.b. Find the expected number of darts you'll throw.c. Find your expected winnings.15. Software A small software company bids on two contracts and knows it can only getMTh441Dec 24 10:54 0

Let x be the number of dart P(hitting the balloon)=0.1 P(not hitting the balloon)=0.9

Answered: 14. Carnival A carnival game offers a…

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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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
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.
You are playing Blackjack, and you have a 3, a 4, and a Q. Dealer has an Ace. What is the probability that the dealer wins with their second card if you decide to stand? a. 10/16 b. 8/16 c. 7/16 d. 9/16 e. None of the other answers is correct.
Activity #4: PROBABILITY Read and analyze the problems, show your solution, and box the answer. 1. What would be the probability of a. picking a black card at random from a standard deck of 52 cards? b. picking a face card (i.e. a king, queen, or jack)? c. not picking a face card? 2. What is the probability of rolling, on a fair dice: a. a 3? b. an even number? c. zero? d. a number greater than 4? e. a number lying between 0 and 72 f. a multiple of 3 given that an even number was drawn? 3. A standard deck of playing cards is well shuffled and from it, you are given two cards. You can have 0, 1, or 2 aces: three possibilities altogether. So, the probability that you have two aces is equal to 1/3. What is flawed about this argument? 4. You shuffle a deck of playing card, and then start turning the cards one at a time. The first one is black. The second one is also a black card. So is the third, and this happens up to the 10th card. You start thinking, "the next one will likely be red!"…
Your friend convinces you to play a game where you roll a standard die one time. It costs $5 to play the game. If you roll a 3 or a 4 you win $9. Any other roll wins nothing. 4. Find the expected value of this game.
It is the beginning of September and you have been offered the following deal to go heli-skiing. If you pick the first week in January and pay for your vacation now, you can get a week of heli-skiing for $2,900. However, if you cannot ski because the helicopters cannot fly due to bad weather, there is no snow, or you get sick, you do not get a refund. There is a 30% probability that you will not be able to ski. If you wait until the last minute and go only if you know that the conditions are perfect and you are well, the vacation will cost you $4,600. You estimate that the pleasure you get from heli-skiing is worth $6,700 per week to you (if you had to pay more than that, you would choose not to go). If your cost of capital is 11% per year, should you book ahead or wait? You should because the NPV of this choice is $ book ahead wait (Round to two decimal places.)
You toss a coin three times. If you toss heads exactly two times, you win $2. If you toss heads all three times, you win $8. Otherwise, you lose $3. What is the expected payout for one round of this game? Round your answer to the nearest cent. Enter an expected loss as a negative number.
Rodney is going to shoot a total of 9 free-throws to prove he is a better shooter than Chris. During warm-ups Rodney can make 57% of practice shots. The challenge results are as follows… • 9 hits Rodney wins $100 • 6-8 hits Rodney wins $25 • 4-5 No one wins • 0-3 hits Chris wins $15 What is the probability that Rodney makes 7 shot?
Solve the problem. The table below shows the probabilities of a person accumulating specific amounts of credit card charges over a 12-month period. Find the probability that a person's total charges during the period are less than $400. Charges Under $100 Probability 0.48 $100-$399 0.33 $400-$999 0.14 $1000 or more 0.05 O 0.48 O 0.81 O 0.95 O 0.33 ASUS f5 E3 f6 f7 f8 f10 & 4. 5 6 7 8. 9- 61
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

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