Craps: In the game of craps, a pair of dice are rolled, and people bet on the outcome. For example, you can bet $1 that the dice will total 3. The probability 1 that you win is and if you win, your profit is $15. If you lose, you lose $1. 18 Part: 0 / 2 Part 1 of 2 (a) What is the expected value of your profit? Round the answer to two decimal places. The expected value of profit is dollars. ☑ ك
Craps: In the game of craps, a pair of dice are rolled, and people bet on the outcome. For example, you can bet $1 that the dice will total 3. The probability 1 that you win is and if you win, your profit is $15. If you lose, you lose $1. 18 Part: 0 / 2 Part 1 of 2 (a) What is the expected value of your profit? Round the answer to two decimal places. The expected value of profit is dollars. ☑ ك
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter6: Ratio, Proportion, And Probability
Section6.7: Probability And Odds
Problem 22E
Related questions
Question
Help with calculations.
![Craps: In the game of craps, a pair of dice are rolled, and people bet on the outcome. For example, you can bet $1 that the dice will total 3. The probability
1
that you win is and if you win, your profit is $15. If you lose, you lose $1.
18
Part: 0 / 2
Part 1 of 2
(a) What is the expected value of your profit? Round the answer to two decimal places.
The expected value of profit is
dollars.
☑
ك](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F799624b6-9823-4b8f-b2a0-623df7641e29%2F7452bd8d-9ec4-489d-a0c5-98617a4f1ec8%2Fch3rqvj_processed.png&w=3840&q=75)
Transcribed Image Text:Craps: In the game of craps, a pair of dice are rolled, and people bet on the outcome. For example, you can bet $1 that the dice will total 3. The probability
1
that you win is and if you win, your profit is $15. If you lose, you lose $1.
18
Part: 0 / 2
Part 1 of 2
(a) What is the expected value of your profit? Round the answer to two decimal places.
The expected value of profit is
dollars.
☑
ك
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