a) Consider a set of r red cards and b black cards.b) The betting strategy is to always bet on red.c) If my guess is correct, I'll get back 2 times the amount I bet. For example, ifI bet 10 Baht on red and the card turn out to be red, I'll bet back 20 Bahtmaking 10 Baht profit.d) The betting amount is calculated with the following algorithm:i. If I win a turn I'll bet w times the previous bet on the next turn.ii. But, if I lose this turn, I'll bet 1 times the previous bet.For example, if the bet for this turn is 10 Baht, and I win this turn, the bettingamount for the next turn would be 10w. Whereas if I lose this turn, then thebetting amount for the next turn will bet 101.→→2/37.1) Show that if w+ 1 = 2 then the result of the game would be independent ofthe permutation of the card.7.2) What would be the total gain/lose amount if w+ 1 = 2. (Answer in terms ofr, b, w, I and m the starting bet.)7.3) (Optional)If there are 20 black cards and 18 red cards. What should w be toguarantee the maximum gain. (You will may computer for this. Numericalanswer is OK.)

Given a set of r red cards and b black cards and the betting strategy is to always bet on red.

Answered: a) Consider a set of r red cards and b…

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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Last Super Bowl weekend, there were 109 pizzas ordered for the sophomore dorm. That weekend 32 customers ordered their pizza with just pepperoni, 40 ordered their pizza with just sausage, 18 ordered theirs with just onions, 13 ordered theirs with pepperoni and sausage, 10 ordered theirs with sausage and onions, 9 ordered theirs with pepperoni and onions, and 7 ordered theirs with all three items. (a) How many customers ordered their pizza with pepperoni or sausage (or both)? (b) How many customers ordered their pizza with sausage or onions (or both)? (c) How many customers ordered a pizza without pepperoni, sausage, or onions?
Consider a new card game between 2 players: Jim (player 1) and Angella (player 2) Jim is dealt two cards : ♡8 and ♠️9 . Angella is also dealt two cards: ♢6 and ♣️6 . Now, each of the players will play 1 card both at the same time. The payoff of Jim is 4 points if he plays a card of opposite color (red/black) than Angella, and otherwise his payoff is 10 points. The payoff of Angella is 3 points if the difference of the already played card numbers is greater than 4, otherwise her payoff is 2 points. 1. Find the Best Responses for Angella.2. Find all the Nash Equilibriums of the game (if any).
: The first week of chess club had 3 students. The second week had five students. The third week had eight students and the fourth had twelve. If this pattern continues, how many students will show up for the eight weeks?
Lisa is playing a game in which she spins a spinner with 6 equal-sized slices numbered 1 through 6. The spinner stops on a numbered slice at random. This game is this: Lisa spins the spinner once. She wins $1 if the spinner stops on the number 1, $4 if the spinner stops on the number 2, $7 if the spinner stops on the number 3, and $10 if the spinner stops on the number 4. She loses $11 if the spinner stops on 5 or 6. (a) Find the expected value of playing the game. | dollars (b) What can Lisa expect in the long run, after playing the game many times? O Lisa can expect to gain money. She can expect to win dollars per spin. O Lisa can expect to lose money. She can expect to lose dollars per spin. O Lisa can expect to break even (neither gain nor lose money).
XYZ company has designed a new lottery scratch-off game. The player is instructed to scratch off one spot: A, B, or C. A can reveal "loser," "win $1," or "win $50." B can reveal "loser" or "take a second chance." C can reveal "loser," or "win $500." On the second chance, the player is instructed to scratch off D or E. D can reveal "loser" or "win $1." E can reveal "loser" or "win $10." The probabilities at A are 0.9, 0.09, and 0.01 respectively. The probabilities at B are 0.8 and 0.2. The probabilities at Care 0.999 and 0.001. The probabilities at D are 0.95 and 0.05. The probabilities at E are 0.5 and 0.5. Calculate the expected value of the game and provide recommendations to a decision-maker
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Tyler was given the following counting problem to solve: “ You are dealt five cards from a standard deck of 52 cards. How many of these hands have at least one queen and at least one spade. He breaks this into two cases. In the first case, he looks at hands which contain the queen of spades QA. There is 1 way of choosing the Queen of Spades, and 51C4 ways of choosing the other four cards. In the second case, he will start by choosing a non-spade queen (3 ways) and a non-queen spade (12 ways). There are 50 cards remaining, so he also throws away the Queen of Spades so that he doesn't overlap case 1. This gives 49C3 ways of choosing the last three cards. He concludes that the answer is 51C4 + (3 · 12 · 49C3). His answer is incorrect. Explain why, and give the correct answer.
An electronics store receives a shipment of 40 graphing calculators, 8 that are defective. Four of the calculators are selected to be sent to a local high school. (A) How many selections can be made? (B) How many of these selections will contain no defective calculators? (A) selections can be made.
Tyler was given the followng counting problem to solve: " You are dealt five cards from a standard deck 52 cards. How many of these hands have at least one queen and at least one spade." He breaks this into two cases. In the first case, he looks at hands which contain the queen of spades. There is 1 way of choosing the Queen of Spades, and 51C4 ways of choosing the other four cards. In the second case, he will start by choosing a non-spade queen ( 3 ways) and a non-queen spade (12 ways). There are 50 cards remaning, so he also throws away the Queen of Spades so that he doesn't overlap case 1. This gives 49C3 ways of choosing the last three cards. He concludes that the answer is 51C4 + (3 x 12 x 49C3). His answer is wrong, explain why and give the correct answer.
Mrs. Smith has 6 activity tables she wants to line up side by side in her classroom. (a) In how many ways can she arrange all 6 tables? Show your work.(b) If she only wants to have 4 of the tables set up, in how many ways can she choose the tables shewishes to have set up? Show your work. Answer:
H6.
A car insurance company has determined that 9% of all drivers were involved in a car accident last year. Among the 10 drivers living on one particular street, 3 were involved in a car accident last year. If 10 drivers are randomly selected, what is the probability of getting 3 or more who were involved in a car accident last year? O a. O b. O C. O d. 0.4435 0.9548 0.0541 0.0452

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