A pair of fair dice is rolled once. Suppose that you lose $10 if the dice sum to 3 and win $13 if the dice sum to 4 or12. How much should you win or lose if any other number turns up in order for the game to be fair?To keep the game fair, you shouldif the dice sum to any other number.(Do not round until the final answer. Then round to the nearest cent as needed.)View an example Get more help.F11F12BackspacePrintScreenLockPanseBreakDELL(opInsert HomeHPOTELogitechClear allKviewedCheck answer

Mean is the measure used to summarize the data. For a continuous data set, mean is calculated using…

Answered: A pair of fair dice is rolled once.…

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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Qeution C. Step 7 and 8
Roll a fair die repeatedly; X� represents the number of rolls it takes to get a six.
How much must you bet on a four-number square to win at least $600? (Bets must be in $1 increments.)$
The trifecta at most racetracks consists of selecting the first-, second-, and third-place finishers in a particular race in their proper order. If there are eleven entries in the trifecta race, how many tickets must you purchase to guarantee a win?
Please explain.
D Question 4 A family of six, two parents and four kids, are lining up for a photo. How many ways can the family line up so that the parents are right next to each other? Your answer should be a number.
Catalina participates in a game that consists of spinning a roulette with 6 segments of the same size numbered from 1 to 6. The roulette randomly stops at a numbered segment.This is the game: Catalina spins the wheel only once. She wins $ 1 if the wheel stops at number 1, $ 3 if the wheel stops at number 2, $ 5 if the wheel stops at number 3, and $ 7 if the wheel stops at number 4. She loses $ 1.25 if roulette stops at 5 or 6. (a) Calculate the expected value of participating in the game.____ pesos b) What can Catalina expect in the long run after playing several times?1) Catalina can expect to earn money.She can expect to earn ___ pesos per spin of the roulette wheel. 2) Catalina can expect to lose money.She can expect to lose ___ pesos per spin of the roulette wheel. 3) Catalina can expect to draw (she neither wins nor loses money)
A friend proposes a gamble to you. You roll 2 fair, six-sided dice, and add up the results of each die to find your total number. If your roll totals a 6 or 8, your friend pays you $30. If you roll any other total, you pay your friend $10. What is your expected payoff from playing this game 100 times?.
Suppose that you and a friend are playing cards and decide to make a bet. If you draw two clubs in succession from a standard deck of 52 cards without replacing the first card, you win $⁢40. Otherwise, you pay your friend $⁢10. If the same bet was made 25 times, how much would you expect to win or lose? Round your answer to the nearest cent, if necessary. Win: Lose:
A game involves drawing a single card from a standard deck. The player receives $10 for an ace, $5 for a king, and $1 for a red card that is neither an ace nor a king. Otherwise, the player receives nothing. If the cost of each draw is $2, should you play? Explain your answer mathematically.
A single die is rolled. Find the odds in favor of rolling a number greater than 2. The odds in favor of rolling a number greater than 2 are C . (Simplify your answers.)
One option in a roulette game is to bet $9 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 $9 you paid to play the game and you are awarded $9. If the ball lands elsewhere, you are awarded nothing and the $9 that you bet is collected. Complete parts (a) through (b) below. a. What is the expected value for playing roulette if you bet $9 on red? Round to the nearest cent.

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