QUESTION 85. Imagine playing a game for which the exact odds are known. You have two options.With Option A, you will win $36 for sure. With Option B, you have an 80% of winning$45, but a 20% chance of winning nothing. Which would you pick? (Circle one)Option A (Win $36 for sure)Option B (80% chance to win $45; 20% chance to win nothing)A Option A (Win $36 for sure)B. Option B (80% chance to win $45; 20% chance to win nothing)QUESTION 9LSou

If we choose option A The expected return is $36 If we choose option B The expected return…

Answered: 5. Imagine playing a game for which the…

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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Symbol Company Price ($) Yield AT&T 33.59 5.48% VZ Verizon 46.78 4.70% CVX Chevron 112.18 3.82% MCD McDonald's 93.70 3.63% PFE Pfizer 31.15 3.60% GE General Electric 25.27 3.48% MRK Merck 56.79 3.17% САТ Caterpillar 91.53 3.06% Хом ExxonMobil 92.45 2.99% ко Соса-Cola 42.22 2.89% If you selected two of these stocks at random, what is the probability that both the stocks in your selection had yields of 3.25% or more? (Enter your probability as a fraction.) Enter a fraction, integer, or exact decimal. Do not approximate.
After giving the lotto a try you decide to go back to Clayton Campus for some more gambling action. Theyare playing a die tossing game where you win a brand new home if you roll all sides of the die within 7rolls. Your crystal ball can see into the future and tells you that when you roll the die 7 times you don't seethe same number appear twice in a row. You decide to bet your entire rent for the year and try to win thehouse. You toss a fair six-sided die 7 times. Consider the following events, A = “each value appears atleast once” and B = “the outcome is alternate in numbers (i.e., a specific face of the die cannot be observed to occur directly after it was observed on the previous roll but it may have occurred elsewhere inthe sequence of rolls)”. What is p(A|B)? Are you likely to win the house?
If I $6 to play a spinner game and the chances of winning $1 dollar is 50% and the chances of winning $12 is 50%. What is the fair price of the game?
A restaurant will select 1 card from a bowl to win a free lunch. Jo puts 5 cards in the bowl. The bowl has 100 cards. What are the odds of Jo winning a free lunch? 1/5 1/10 1/20 1/500
Betty is offered a bet where she can win $100 dollars with a 1/4 chance and she would lose X with a 3/4 chance. She feels indifferent between taking the bet or not, and considers herself risk neutral, so X must be about. $25 O $33 O $80 O $66
One option in a roulette game is to bet $7 on red. (There are 18 red compartments, 18 black compartments, and two compartments that are neither red nor black.) If the ball lands on red, you get to keep the $7 you paid to play the game and you are awarded $7. If the ball lands elsewhere, you are awarded nothing and the $7 that you bet is collected. Complete parts (a) through (b) below. III a. What is the expected value for playing roulette if you bet $7 on red? $ (Round to the nearest cent.) b. What does this expected value mean? Choose the correct statement below. O A. This value represents the expected loss over the long run for each game played. OB. Over the long run, the player can exper to break even. OC. This value represents the expected win over the long run for each game played.
2. You play a game in which 40% of the time you win $3 and 40% of the time you lose $5 and 20% of the time you win $1. Please show your work.
A certain game involves tossing 3 fair coins, and it pays 11¢ for 3 heads, 7¢ for 2 heads, and 4e for 1 head. Is 7¢a fair price to pay to play this game? That is, does the 7¢ cost to play make the game fair? .... The 7¢ cost to play a fair price to pay because the expected winnings are (Type an integer or a fraction. Simplify your answer.)
A casino game with cards takes $1 bets. Gamblers have a 46% chance to win back their bets plus $1, and they have a 54% chance of losing their bets. Can you evaluate the house edge for thisgame, if so please explain.
A certain game involves tossing 3 fair coins, and it pays 13¢ for 3 heads, 6¢ for 2 heads, and 2¢ for 1 head. Is 6¢ a fair price to pay to play this game? That is, does the 6¢ cost to play make the game fair? The 6¢ cost to play is not a fair price to pay because the expected winnings are (Type an integer or a fraction. Simplify your answer.) c.

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