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MATLAB: An Introduction with Applications

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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Question

A game is played using one fair 6-sided die. If the die is rolled and shows 4, the player wins
$8.00. If the die shows any number other than 4, the player wins nothing.
If there is a charge of $3.00 to play the game, what is the game's expected value?
The game's expected value is $
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In a game of one-spot Keno, a card is purchased for $1.00. It allows a player to choose one number from 1 to 80. The dealer then chooses twenty numbers at random from 1 to 80. If the player's number is among the numbers chosen by the dealer then the player is paid $3.00, but does not get to keep the $1.00 paid to play the game. What is the expected value of buying one card?
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
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?
A fair six-sided die is rolled. The player bets $2on the number 4. If the upper face of the die shows 4 when it comes to a rest, the host pays the player $10(the $2bet is not returned to the player). What is the player’s expected value of playing the game?
The Math Team is hosting a raffle, and only 100 people will be allowed to enter. A ticket costs $2 and the prize is a $50 gift card. Only one person will win. What is the probability that you will win? What is the probability that you will not win? Find the expected value.
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.
Solve the problem that involves computing expected values in a game of chance. A numbers game run by many state governments allows a player to select a three-digit number from 000 to 999. There are 1000 such numbers. A bet of $14 is placed on a number. If the number is selected, the player wins $1,400. If any other number is selected, the player wins nothing. Find the expected value for the game. A. $12.60 OB. $1.40 OC. -$12.60 OD. -$1.40
A carnival game consist of a player paying a dollar to guess the result of a fair 6 sided die if the player's guess is correct he wins five dollars. What is the expected value of the game and what would be the fair price for the game?
In the game of roulette, one of the simplest bets is to wager on red. Here if you bet $1 and the ball lands on a red number in the wheel, then you will win $2 (i.e. profit $1). If the ball lands on a black or green space in the wheel, then you win nothing. What is the expected value on this bet? See the wheel below and show the work that you did to complete this problem. No work = no credit.
In the game of roulette, a player can place a $5 bet on the number 20 and have a 138 probability of winning. If the metal ball lands on 20, the player gets to keep the $5 paid to play the game and the player is awarded an additional $175. Otherwise, the player is awarded nothing and the casino takes the player's $5. What is the expected value of the game to the player? If you played the game 1000 times, how much would you expect to lose?
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

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