My current understanding of this problem is that if the player wins, they receive the five dollars in exchange for the one dollar, ending up with four dollars, but I don't know if they get the dollar back, meaning they'd end up with six dollars. Does this seem correct? Thank you for any help that you can offer! nsured anvers was 23. if you arerear-ended by another driver, what are the odds the other driver is not insured?23Odds in favor of uniasured =%3D772323:77775. A spinner ís numbered from U to 5 and each mumber is equany ikeiy to come up.A player bets $1.00 on a number and gets $5.00 back if the pointer lands on thenumber chosen. Otherwise the player loses his $1.00. What is the expectedvalue of the game?(5+1)+(1-)2%3D6.E~-%240.17

Answered: Image /qna-images/answer/24fe340e-8760-4279-b500-eb516495a4fd.jpg

5. A spinner ís numbered rom i to 5 and each number is equaily ikely to come up. A player bets $1.00 on a number and gets $5.00 back if the pointer lands on the number chosen. Otherwise the player loses his $1.00. What is the expected value of the game?

5. A spinner ís numbered rom i to 5 and each number is equaily ikely to come up. A player bets $1.00 on a number and gets $5.00 back if the pointer lands on the number chosen. Otherwise the player loses his $1.00. What is the expected value of the game?

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Question

100%

My current understanding of this problem is that if the player wins, they receive the five dollars in exchange for the one dollar, ending up with four dollars, but I don't know if they get the dollar back, meaning they'd end up with six dollars. Does this seem correct? Thank you for any help that you can offer!

nsured anvers was 23. if you are
rear-ended by another driver, what are the odds the other driver is not insured?
23
Odds in favor of uniasured =
%3D
77
23
23:
77
77
5. A spinner ís numbered from U to 5 and each mumber is equany ikeiy to come up.
A player bets $1.00 on a number and gets $5.00 back if the pointer lands on the
number chosen. Otherwise the player loses his $1.00. What is the expected
value of the game?
(5+1)+
(1-)2
%3D
6.
E~
-%240.17

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