+ IICO1 / 2 - 100%日| +Worksheet 4.3Name:1. A game has 49 green balls and 1 red ball in a bag, and you will randomly select one ball from the bag. Ifthe selected ball is green, you lose $1. And, if the ball is red, you win $100. What is the expected value ofthe game?2. A game has 28 white balls and 12 red balls in a bag, and you will randomly select one ball from the bag. Ifthe selected ball is white, you lose $5. And, if the ball is red, you win $10. What is the expected value ofthe game?3. There are 15 black balls, 14 red balls, and 11 white balls in a jar, and you get to randomly pick one ballwithout looking. If you draw a black ball, you win $500. If you pick a red one, you lose $10. If you pick awhite one, you lose $100. What is the expected value of picking a ball?APRPAGESétv204.MacBook Pro%59.7.8.0

Name: + IICO1 / 2 - 100%日| +Worksheet 4.3Name:1. A game has 49 green balls
Uploaded: 2022-11-22T13:58:24.000Z
Channel: Bartleby
Description: + IICO1 / 2 - 100%日| +Worksheet 4.3Name:1. A game has 49 green balls and 1 red ball in a bag, and you will randomly select one ball from the bag. Ifthe selected ball is green, you lose $1. And, if the ball is red, you win $100. What is the expected

Since you have asked multiple question, we will solve the first question for you. If you want any…

Math

Probability

A game has 49 green balls and 1 red ball in a bag, and you will randomly select one ball from the bag. If the selected ball is green, you lose $1. And, if the ball is red, you win $100. What is the expected value of the game?

A game has 49 green balls and 1 red ball in a bag, and you will randomly select one ball from the bag. If the selected ball is green, you lose $1. And, if the ball is red, you win $100. 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...

See similar textbooks

Similar questions

When playing roulette at a casino, a gambler is trying to decide whether to bet $5 on the number 13 or to bet $5 that the outcome is any one of the five possibilities 00, 0, 1, 2, or 3. The gambler knows that the expected value of the $5 bet for a 5 33 single number is - 0.26¢. For the $5 bet that the outcome is 00, 0, 1, 2, or 3, there is a probability of of making a net profit of $30 and a 38 probability of losing $5 38 a. Find the expected value for the $5 bet that the outcome is 00, 0, 1, 2, or 3. b. Which bet is better: a $5 bet on the number 13 or a $5 bet that the outcome is any one of the numbers 00, 0, 1, 2, or 3? Why?
A bag contains 2 gold marbles, 9 silver marbles, and 20 black marbles. Someone offers to play this game: You randomly select one marble from the bag. If it is gold, you win $3. If it is silver, you win $2. If it is black, you lose $1. What is your expected value if you play this game?
Two coins are flipped. You win $1 if either 2 heads or 2 tails turn up, and you lose $3 if a head and a tail turn up. What is the expected value of the game?
Hector plays a game with a friend. They have a bag which contains 13 red stones and 3 black stones. They pay $1 and pull out a stone. If the stone is black, Hector wins $6. If the stone is red, Hector wins nothing.. What is the expected value of the game?
An adventurous aardvark is a card shark and gambler. He offered to let you play in a game with him. To play you must pay him $2. If you pick a spade you win $9 what is the expected value for you if you play this game with the aardvark?
Suppose it costs $29 to roll a pair of dice. You get paid 4 dollars times the sum of the numbers that appear on the dice. What is the expected payoff of the game? Is it a fair game? The expected payoff of the game is $? is it a fair game?
An exclusive raffle is being held where only 7 tickets are available. The raffle is free to enter. If you choose to play, you could win $7 or lose $3. Three tickets are winning tickets and you will win $7 if your ticket is drawn. Four tickets are losing tickets where you must pay $3 if your ticket is drawn. What is the expected return if you enter the raffle?
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