A game-show spinner has these odds of stopping on particular dollar values: 55% for $5, 20% for $50, 15% for $100, and 10% for $1000. What are the odds of a player winning $5 or $50?

Q: The odds of losing is the ratio of the number of unsuccessful outcomes to the number of successful…

A: Given:The odds of event occurring is 1:2.Thus, it implies:Number of events will occur=1Number of…

Q: Suppose you are playing a game of chance. If you bet $9 on a certain event, you will collect $225…

A: In this context, the winning price is $225 (including $5 bet). Therefore, the net winning price is…

Q: What are the odds of winning a raffle where 50 tickets were sold for a single $40 prize?

A: Solution

Q: How much profit should you make on a $14 bet if the payoff odds are

A: Let x be the profit.  The profit is obtained by multiplying bet amount with payoffs odd.  That is,…

Q: In gambling, the chances of winning are often written in terms of odds rather than probabilities.…

A: Given information Odds of an event occurring is 4:6 a) Probability that the event will occur is…

Q: A player rolls a fair dice and gets "$3 multiplied by the value on the dice" in the case of even…

A: Basic concepts of probability are used.

Q: You pay $20 to enter a raffle.  The first ticket drawn wins $990, the second ticket drawn wins $465,…

A: The objective of this question is to calculate the expected earning on a raffle ticket. The expected…

Q: The winner of a raffle will receive a​ 21-foot outboard boat. If 6000 raffle tickets were sold and…

A: Given : The winner of a raffle will receive a​ 21-foot outboard boat. 6000 raffle tickets were sold…

Q: he winner of a raffle will receive a​ 21-foot outboard boat. If 4000 raffle tickets were sold and…

A: Given,total no.of raffle tickets=4000no.of purchased tickets=20

Q: A game-show spinner has these odds of stopping on particular dollar values: 55% for $5, 20% for…

A: The odds of player wining $500 is 15% and the odds of player wining $1,000 is 10%.

Q: If the probability of a person losing on a scratch-off lottery ticket is 0.625, the odds of losing…

A: given data p(losing) = p = 0.625 ∴odds of losing =?

Q: The winner of a raffle will receive a two-year scholarship to the college of his or her choice. If…

A:

Q: The two finalists in a tennis tournament are playing for the championship. The winner will receive…

A: Given: Price of winner=60,000 Price of runner=35,000 The objective is to find the expected winnings…

Q: At Monday night Bingo, there is also a raffle being held for a 55-inch flat-screen television. If…

A: Solution-: Given: 120 tickets are purchased out of 1400 tickets We want to find what are the odds in…

Q: Kenmore Hockey Team winning a game is 75%. How many times would you expect them to win in a 24 ga

A: This is the case of binomial, as there are only two possible outcomes which are independent and…

Q: If you draw a random card from a standard deck of 52 cards, what are the odds of drawing a jack?…

A: Given data: The total numbers of cards are n=52. The numbers of jacks in the playing deck of the…

Q: In the game of roulette, there is a wheel with spaces marked 0 through 36 and a space marked 00.…

A: We have been given that in the game of roulette, there is a wheel with spaces marked 0 through 36…

Q: A game-show spinner has these odds of stopping on particular dollar values: 55% for $5, 20% for $50,…

A: The total probability for wining $500 or $1000 is 15%+10%=25% The odds of winning is the ratio the…

Q: A game show spinner has these odds of stopping on a particular dollar values: 40% for $5, 25% for…

A:

Q: In gambling, the chances of winning are often written in terms of odds rather than probabilities.…

A: According to question Odds of winning : It is the ratio of successful outcomes to unsuccessful…

Q: At one point in the 1999 seaosn, Ken griffey, Jr has a batting average 0.325. What are the odds that…

A: Given that the probability of hitting a ball is = 0.325 So, the odds that he would hit the ball the…

Q: If the probability of a person losing on a scratch-off lottery ticket is 0.9904, the odds of winning…

A: Given information- We have given the probability of a person losing on a scratch-off lottery ticket…

Q: Suppose you place a $35 bet on a horse with a 2:7 odds against winnning. Determine the winning…

A: Solution