machine A need to be repaired/replaced?2) The CEO of DLD Company wants to surprise his employees this incoming Valentine's Day:lth.answer.designed a game for them in which a box contains one 50-peso bill, one 100-peso bill, one 20peso bill, one 500-peso bill, and one 1000-peso bill. Two bills are to be drawn by a player one ara time with replacement from the box. The CEO will give money to a player equal tomonetary value of the two bills drawn. Let J be the total monetary value of the two bills dravwnby the player.a) Construct a discrete probability distribution of J.b) What is the expected amount of money a player can receive from the CEO?c) If 175 players are given the chance to participate in the game, how much money isexpected to be given by the CEO?d) If you are one of the employees, how do you interpret or see the purpose and goal ofthe game?

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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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Jennifer took clothes to the cleaners three times last month. First, she brought 2 shirts and 2 pairs of slacks and paid $15.96. Then she brought 6 shirts, 2 pairs of slacks, and 1 sports coat and paid $35.41. Finally, she brought 4 shirts and 2 sports coats and paid $26.94. How much was she charged for each shirt, each pair of slacks, and each sports coat? Jennifer was charged $ for each shirt, $ for each pair of slacks, and $ for each sports coat.
Three hungry pirates, Ahab, Bluebeard, and Hook, were stranded on a desert island. They came upon a treasure chest, which they immediately opened. To their joy, they found it to be full of pretzels! Immediately they each ate 10, then they decided they should save the rest for later. That night, after the others had fallen asleep, Ahab crept to the treasure chest and opened it. He separated the pretzels into 3 equal piles. There was 1 extra pretzel, which he gave to a passing monkey. Then he stole one of the 3 equal piles of pretzels, put the rest back into the chest, and went back to camp. A short time later Bluebeard sneaked over to the chest. He separated the pretzels into four equal piles (he wasn’t quite as greedy as Ahab). There were 2 extra pretzels, which he gave to a passing monkey. He then stole one of the four piles and put the rest back into the chest. Still later Hook went to the chest and separated the pretzels into five equal piles. There were 3 left over, which he gave…
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Sessa, an ancient wise man, visited the king of his nation and showed him a new game. The board was 8 squares by 8 squares. Two players would be given 16 pieces each, lined up on either side of the board. The pieces moved in set ways, and the purpose of the game was to move your pieces to trap the King piece of the other player. As you have probably figured out, Sessa invented chess. His king was utterly delighted at the game - war without bloodshed! - and asked Sessa what he would like in return. In the ancient bombastic style, the King said the request could include up to half of his kingdom. (That was not meant literally.) Sessa asked for the game board to be brought before him. "Highness," he said, "I ask for a grain of rice on the first square. Tomorrow, two grains of rice on the second square. The day after, 4 grains of rice on the third square. On the fourth day, 8 grains of rice. And so on, until the board is full in two months." The king and his ministers laughed…
Billy and Joe are buddies that think they can outsmart the casino by splitting each other’s profits. They decided to play a game by the name of Baccarat. They both have $1200 and their goal is to leave once they double their money. In Baccarat, the Banker's or Player’s hand will win 45% of the time. Ties win 10% of the time. The goal in baccarat is to have the hand you’re betting on, either the player or the banker, be the best hand of the two dealt. The winning hand is the one with a score where the final digit is the closest to nine. Face cards are worth zero, and aces count as one. There are 8 decks in a shoe. Billy and Joe came up with a betting strategy/sequence and assigned “teams”. Billy will ALWAYS bet on “Player” whereas Joe will always bet on “Banker”. The sequence goes as follows: Billy: 12113 Joe: 21221Billy: $100, $200, $100, $100, $300 = $900Joe: $200, $100, $200, $200, $100 = $900The remaining $300 that Billy and Joe have will go towards taking turns on betting $5 on the…
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