An urn contains five balls, two of which are marked $1, two $5, and one $15. A game is played by playing $10 for winning the sum of the amounts marked on two balls selected randomly from the urn. Is this a fair game? why? 4.An urn contains five balls, two of which are marked $1, two $5, and one $15. Agame is played by paying $10 for winning the sum of the amounts marked on twoballs selected randomly from the urn. Is this a fair game? Why? An urn contains five balls, two of which are marked $1, two $5, and one $15. Agame is played by paying $10 for winning the sum of the amounts marked on twoballs selected randomly from the urn. Is this a fair game? Why?4.

Name: An urn contains five balls, two of which are marked $1, two $5, and on
Uploaded: 2024-03-20T07:06:41.000Z
Channel: Bartleby
Description: An urn contains five balls, two of which are marked $1, two $5, and one $15. A game is played by playing $10 for winning the sum of the amounts marked on two balls selected randomly from the urn. Is this a fair game? why? 4.An urn contains five balls

First we calculate the probability of winning each amount P($1) = 2/5 P($5) = 2/5P($10) = 1/5

Math

Probability

An urn contains five balls, two of which are marked $1, two $5, and one $15. A game is played by playing $10 for winning the sum of the amounts marked on two balls selected randomly from the urn. Is this a fair game? why?

An urn contains five balls, two of which are marked $1, two $5, and one $15. A game is played by playing $10 for winning the sum of the amounts marked on two balls selected randomly from the urn. Is this a fair game? why?

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

Related questions

Q: A quiz has 10 multiple-choice questions. Each question has 5 possible answers, one of which is…

Q: (a) Find the expected value of playing the game. O dollars |(b) What can Hans expect in the long…

A: HERE HAN IS PLAYING GAME IN WHICH HE SPINS A SPINNER .EACH SILCE NUMBERED 1 TO 6 HAS EQUAL CHANCE SO…

Q: Suppose you are invited to play a game in which you bet $1 on any number from 000 to 599. If your…

A: Given that there are numbers from 000 and 599. That is, there are 600 numbers. If your number comes…

Q: Bar Dice. It is not uncommon after a round of golf to find a foursome in the clubhouse shaking the…

Q: olor, we win. This bet pays even money in most casinos. This means that for each dollar we bet, we…

Q: Consider rolling a 6-sided die. The outcome of interest is the number of dots that appears on the…

A: Rolling a 6-sided die, The possible outcomes are 1,2,3,4,5,6Since each of these is equally likely,…

Q: There are possible outcomes when you flip four fair coins.

A: Ans- There are possible outcomes when you flip four fair coins.

Q: Four donuts and three muffins. A guest takes an item at random from the platter but does not replace…

A: A tree diagram is used to represent a probability space. Each node of the tree on the diagram…

Q: Frank is playing a game in which he spins a spinner with 6 equal-sized slices numbered 1 through 6.…

Q: Colleen bets $1 on a 2 digit number. She wins $75 if she draws her number from the set of. all 2…

A: Given that - Colleen bets $1 on a 2 digit number. She wins $75 if she draws her number from the set…

Q: We decide that we can certainly increase our chances of winning if we bet on a color instead of a…

A: Given Information: The Roulette wheel has 37 slots among which 18 are red, 18 are black and 2 are…

Q: Bar Dice. It is not uncommon after a round of golf to find a foursome in the clubhouse shaking the…

A: a)Special Multiplication Rule

Q: Allottery exists where balls numbered 1 to 20 are placed in an urn to win. You must match the four…

A: Given information:A lottery involves balls numbered from 1 to 20 placed in an urn.Total number of…

Q: You have in your pocket three $2 coins and four $1 coins. You choose three at random. What is the…

A: 3 coins are chosen at random one by one from $2 and $1,the possible sample space S…

Q: Roulette. An American roulette wheel consists of 38 numbers, of which 18 are red, 18 are black, and…

Q: You go to a casino and play a game. You throw a fair 4 sided die whose sides are labeled 1, 2, 3…

A: Given information: A game is played in a casino. A fair 4-sided die is rolled whose sides are…

Q: A game is played by rolling 2 die, one red and the other blue, then adding the results. (A). How…

A: a) Red die can have total of 6 outcomes (1,2,3,4,5,6) Similarly, the blue die can have 6 outcomes…

Q: Many casinos have a game called the Big Six Money Wheel, which has 54 slots in which are displayed a…

A: Denomination Number of slots $40 (Joker) 1 $40 (Casino logo) 1 $20 2 $10 4 $5 7 $2 15…

Q: Keiko is playing a game in which she spins a spinner with 6 equal-sized slices numbered 1 through 6.…

Q: Chang is playing a game in which he spins a spinner with 6 equal-sized slices numbered 1 through 6.…

A: The given data: If spinner stops on the number 1, he wins $1 If…

Q: Suppose you are playing a simple game that costs you $5 per play, where you draw one cardfrom a…

A: Feel free to ask for further explanations.

Q: You randomly select one card from a 52-card deck. Find the probability of selecting the king of…

A: It is known that Number of cards in a deck = 52 Number of king of diamonds = 1 Number of two of…

Q: Raina is playing a game in which she spins a spinner with 6 equal-sized slices numbered 1 through 6.…

A: outcome(rolling on spinner) winning amount(x) P(x) x*P(x) 1 1 1/6 1/6 2 3 1/6 3/6 3 5 1/6 5/6…

Q: A pair of dice is rolled, and the number that appears uttermost on each day is observed. One shows a…

A: The all-possible outcomes for tossing a pair of dice is defined as follows: Sample space = {(1,1),…

Q: Suppose you are invited to play a game in which you bet $1 on any number from 000 to 599. If your…

A: Number from 000 and 599 If your number comes up you get $300 We have to find Expected wining

Q: In American roulette, the wheel has the 38 numbers, 00, 0, 1, 2, ..., 34, 35, and 36, marked on…

A: In American roulette, the wheel has the 38 numbers, 00, 0, 1, 2, ..., 34, 35, and 36, marked in…

Q: In roulette, the numbers from 1 to 36 are evenly distributed between red and black. A player who…

A: In roulette, the numbers from 1 to 36 are evenly distributed between red and black. A player who…

Q: A game uses a single 6-sided die. To play the game, the die is rolled one time, with the following…

Q: Tony is playing a game in which he spins a spinner with 6 equal-sized slices numbered 1 through 6.…

A: Given that Tony is playing a game where he spins a spinner with 6 equal-sized slices.

Q: In roulette, the numbers from 1 to 36 are evenly distributed between red and black. A player who…

A: We have to find expected value.

Q: if I offer you a bet of + $1 if heads and - $1 if tails, you pick a coin and someone else in class…

A: Given information: It is given that, someone in a class throws a coin. A bet of + $1 is made if head…

Q: In a gambling game, a player is paid Php 100 if he draws a jack or a queen and Php 200 if he draws a…

A: The probability of an event is computed by taking the ratio of number of favourable outcomes to…

Q: Lisa is playing a game in which she spins a spinner with 6 equal-sized slices numbered 1 through 6.…

Q: XYZ company has designed a new lottery scratch-off game. The player is instructed to scratch off one…

A: The players are instructed to scratch off one spot from A, B, and C.A can reveal loser, win $1, or…

Concept explainers

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.

Topic Video

Question

100%

An urn contains five balls, two of which are marked $1, two $5, and one $15. A game is played by playing $10 for winning the sum of the amounts marked on two balls selected randomly from the urn. Is this a fair game? why?

4.
An urn contains five balls, two of which are marked $1, two $5, and one $15. A
game is played by paying $10 for winning the sum of the amounts marked on two
balls selected randomly from the urn. Is this a fair game? Why?

An urn contains five balls, two of which are marked $1, two $5, and one $15. A
game is played by paying $10 for winning the sum of the amounts marked on two
balls selected randomly from the urn. Is this a fair game? Why?
4.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1 probability of win

VIEW

Step 2 Expected win

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

$Discrete Probability Distributions$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, probability and related others by exploring similar questions and additional content below.

Similar questions

A tennis game between two players consists of at most five games. The first player that winsthree games is the final winner. In how many ways can the game occur?
Español Kaitlin 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: Kaitlin spins the spinner once. She wins $1 if the spinner stops on the number 1, $3 if the spinner stops on the number 2, $5 if the spinner stops on the number 3, and $7 if the spinner stops on the number 4. She loses $6.50 if the spinner stops on 5 or 6. (If necessary, consult a list of formulas.) 00 (a) Find the expected value of playing the game. | dollars (b) What can Kaitlin expect in the long run, after playing the game many times? O Kaitlin can expect to gain money. She can expect to win dollars per spin. O Kaitlin can expect to lose money. She can expect to lose dollars per spin. O Kaitlin can expect to break even (neither gain nor lose money). Save For Later Submit Assignment Check 2022 McGraw HilL LLC. AlLRiahts Reserved. Terms of Use Privacy Center Accessibility étv 8 MacBook Air DII F9 F10 F11 F7…
Many casinos have a game called the Big Six Money Wheel, which has 54 slots in which are displayed a Joker, the casino logo, and various dollar amounts, as shown in the table at the top of the next column. Players may bet on the Joker, the casino logo, or one or more dollar denominations. The wheel is spun and if the wheel stops on the same place as the player's bet, the player wins that amount for each dollar bet. Denomination Number of slots $40 (Joker) 1 $40 (Casino logo) 1 $20 2 $10 4 $5 7 $2 15 $1 24 If a player bets $4 on the $10 denomination, find the player's expectation. (Round your answer to two decimal places.)
A technology store holds a contest to attract shoppers. works: An ace and four other cards are shuffled and placed face down on a table. The customer gets to turn over cards one at a time, looking for the ace. The person wins $100 of store credit if the ace is the first card, $50 if it is the second card, and $20, $10, or $5 if it is the third, fourth, or last card chosen. What is the average dollar amount of store credit given away in the contest? Estimate with a simulation of 10 trials. Once an hour, someone at checkout is chosen at random to play in the contest Here's how it 67819 00354 91439 91073 49258 15992 41277 75111 67496 68430 09875 08990 27656 15871 23637 00952 97818 64234 50199 05715
Suppose you play a game with a biased coin. You play each game by tossing the coin once. and . If you toss a head, you pay $10. If you toss a tail, you win $11. if you play this game many times, will you come out ahead? (i.e. will you gain extra money from playing this game?) (Be sure to use fractions in the table.)
An urn contains 2 one-dollar bills, 1 five-dollar bill and 1 ten-dollar bill. A player draws bills one at a time without replacement from the urn until a ten-dollar bill is drawn. Then the game stops. All bills are kept by the player. Determine: (A) The probability of winning $11. (B) The probability of winning all bills in the urn. (C) The probability of the game stopping at the second draw. iew an example Get more help. (A) What is the probability of winning $11? (Type a decimal or a fraction. Simplify your answer.) Resume F11 Backspace F12 Print Screen Insert Scre Lock D Home M Delete End Pase Break Page Up A DALL Page Num Lock 11 ... (102 Co. Logitech Clear all Kviewed G Check answer lect: D
You have been asked to play a card game. A card is dealt from a complete deck offifty-two cards (no jokers). A deck has 4 aces, 4 kings, 4 queens, 4 jacks, and 36 other cards.It works like this:• If the card is a ace, you lose $4.• If the card is a king or jack, you lose $10.• If the card is a queen, you win $8.• If the card is anything else, you win $1.Find the expected value of the game. Write the excepted value rounded to the nearest cent
find the value of the following zero sum game: (:::) 3 7 6 5 0 6
Some games are played with tetrahedral dice, which have four sides and show the numbers 1, 2, 3, or 4 when thrown. If you toss three tetrahedral dice, how many outcomes are possible?
A game consists of spinning a spinner and then rolling a number cube. The spinner is equally likely to land on any 1 of the 4 colors red, yellow, green, or blue. The number cube is equally likely to land with any of the 6 sides labeled 1 through 6 up. To win the game, a contestant must either spin red and roll any number or spin a color other than red and roll a 6. In other words, the contestant must either spin red or roll a 6 to win. Draw a rectangular model to go along with this problem.
A child rolls 7 standard dice of different colors and records the numbers showing. Find the number of different outcomes