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 sum of the dice will be 3 (also called "Ace Deuce"). The probability that you win is 118 , and if you win, your profit is $15 . If you lose, you lose $1 . Part: 0 / 2 0 of 2 Parts Complete 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.
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 sum of the dice will be 3 (also called "Ace Deuce"). The probability that you win is 118 , and if you win, your profit is $15 . If you lose, you lose $1 . Part: 0 / 2 0 of 2 Parts Complete 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.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
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 sum of the dice will be
3
(also called "Ace Deuce"). The
118
, and if you win, your profit is
$15
. If you lose, you lose
$1
.
Part: 0 / 2
0 of 2 Parts Complete
Part 1 of 2
(a) What is the
The expected value of profit is |
|
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