e fair?
Q: Consider this simple game. You pick a card randomly. If you get an Ace, you win $10. Otherwise, you…
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Q: If a gambler rolls two dice and gets a sum of 4, he wins $10, and if he gets a sum of 11, he wins…
A: The gambler rolled two dices.
Q: At the Royal Dragon Chinese restaurant a slip in the fortune cookies indicates a dollar amount that…
A: A bag contained 10 fortune cookies out of wish one is to be selected. 7 fortune cookies contain $1…
Q: You and your friends decide to play a game. You are rolling a die. If you roll a 6, you win $5. If…
A: The outcomes of rolling a die are {1, 2, 3, 4, 5, 6}.
Q: A bakery would like you to recommend how many loaves of its famous marble rye bread to bake at the…
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Q: In a suppose business transaction, Juan is expected to gain P150,000 with probability of 0.70 or…
A: Given, In a business transaction, Juan gain P150,000 The probability of gain is p=0.70 Juan loss…
Q: You roll two dice. What is the probability that the first one is a 4 or that the sum equals 9?
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Q: While Kiara is deciding which game to play, Denny and Rayanna play Spin the Wheel. In this game, the…
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Q: The kiara play Baylor on Tuesday. If the probability for the Cyclones winning is 2/5, what are the…
A: We have to find odds against the kiara...
Q: A bakery would like you to recommend how many loaves of its famous marble rye bread to bake at the…
A: For baking 50 loaves: The probability of demand for 50 loaves is 25%. The cost of baking each loaf…
Q: You get to select one card at random from a standard deck of 52 cards. If you pick a club, you win…
A: There are 4 suites in a standard deck of cards. Club , heart , spade, diamond. Probability of…
Q: Tom and John play the following game: Tom picks a card from a standard deck of cards. If he selected…
A: # Given: Tom gain =+$12 with probability p=1/4 & Tom loose =-$4 with probability q=3/4 Then to…
Q: At a carnival, a game is played where you have the chance to win money drawing a ball from a bag.…
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Q: A game consists of rolling a die. If the die shows 6, the player wins $10. If the die shows a 3,4,5…
A: We first make a probability distribution outcome 1 2 3 4 5 6 winning amount (xi) 0 0 1 1 1 10…
Q: If the probability that the Yankees will win a baseball game is 60%, find the probability that the…
A: The probability that Yankees will win a baseball game is 60%, that is PWinning=0.60.
Q: What is your expcted value fora game where your probability of winning is 1/9 and your profit is 4…
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Q: seal has shown that the probabies for demands of 29, 30, and laves de 1970, 2970, all loaves each…
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Q: Roll a pair of fair dice one time. What is the probability that the sum of the two numbers i
A: If we roll a pair of fair dice one time, we get the possible outcomes as S=…
Q: A raffle offers one $800 prize, two $400 prizes and 6 $100 prizes. Two thousand tickets are sold at…
A: Given that total n=2000 tickets are sold. For each ticket the price is $50. A raffle one prize of…
Q: A die is rolled. If an odd number turns up, we win an amount equal to this number; if an even number…
A: The outcome of rolling a die is {1, 2, 3, 4, 5, 6}.
Q: The chance of winning Florida's Pick-6 Lotto game is 1 in approximately 23 million. Suppose you buy…
A: Random variables are of 2 types, discrete and continuous. A discrete random variable can only take…
Q: In the casino a card game takes 1 dollar bets, players have a 46% chance of winning back their bets…
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Q: Find the expected value of the psychic's profit by filling in the boxes below with you answers. Use…
A: Reviewing information, PBoy=0.51P(Girl)=0.49Cost=$20If psychic is wrong, he has to pay back $20
Q: In monopoly, a player rolls two 6-sided dice and moves the sum of the values shown. If it's your…
A: The player rolls a two 6-sided dice and moves the sum of the values shown. If it's your turn to roll…
Q: Your friend offers to place a bet with you. He will pay you$1if your favorite sports team wins the…
A: Let X be the random variable denoting the amount of money ($) you win or lose. And P(X) denotes the…
Q: Say that a game consists of two steps. First, you roll a die. If you roll a 1 or a 6, you continue;…
A: Given that 1 or 6 win a game
Q: Which of the following games involving the roll of a single die is a fair bet A. Bet $1 and receive…
A: The question revolves around determining which of the given bets involving the roll of a single die…
Q: If a gambler rolls two dice and gets: a sum of 10, he wins 10, and if he gets a sum of 3, he wins…
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Q: A competition offers prize money for players reaching the final. If a player reaches the final,…
A: Introduction: The semi-final stage of a competition has 4 players called semi-finalists, who are…
Q: Dash and Lily Corporation wanted to raise funds for the poor. The first prize for a raffle is…
A: Given The first prize for a raffle is S500,000 (with a probability of 0.001) and the second prize…
Q: if odds that joel will get a job offer are 7:2, what is probability that he will get a job offer?
A: Given odds that joel will get a job offer are 7 : 2.Using formula, Probability of success
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- After giving the lotto a try you decide to go back to Clayton Campus for some more gambling action. Theyare playing a die tossing game where you win a brand new home if you roll all sides of the die within 7rolls. Your crystal ball can see into the future and tells you that when you roll the die 7 times you don't seethe same number appear twice in a row. You decide to bet your entire rent for the year and try to win thehouse. You toss a fair six-sided die 7 times. Consider the following events, A = “each value appears atleast once” and B = “the outcome is alternate in numbers (i.e., a specific face of the die cannot be observed to occur directly after it was observed on the previous roll but it may have occurred elsewhere inthe sequence of rolls)”. What is p(A|B)? Are you likely to win the house?You draw a card from a deck of 52 cards. If the card is a spade, you win $5, but if the card is not a spade you lose $2.What is your expected earning from this game?A lottery offers one $2000 prize, one $900 prize and five $200 prizes.One thousand tickets are sold at $5 each. Find the expectation if a person buys oneticket.
- You flip two fair coins. If both coins land heads you win $2. Otherwise you lose $1. What is the expectation of this game? Round your answer to the nearest cent.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?.Roulette: You bet on numbers 1-18. What's the likelihood of winning after one trial? Explain your answer.
- A and B play the following game. They throw alternatively a pair of dice. Whosoever gets sum of the two numbers on the top as seven wins the game and the game stops. Suppose A starts the game. Find the probability (a) A wins the game (b) B wins the game.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: DPlease help!!! Q4. Ariana and Bella are playing a game. They each have 4 cards, which are numbered 1, 2, 3 and 4. Each shuffles her own cards and turns one over at random. If the cards show the same number, Ariana wins and Bella must pay Ariana $3. If the cards show different numbers, Bella wins and Ariana must pay Bella $1. By finding the probabilities of Ariana and Bella winning, show whether or not the game is fair.
- A coffee shop has a "manager surprise" drink that randomly chooses among 4 drinks. If Lee goes to the coffee shop for 3 days, what are the odds Lee would have been given the same drink all 3 days?Suppose that you repeatedly roll a pair of fair dice and keep track of the sum. What is the probability that you see a sum of 7 before you see an even sum 3 times? (In particular, you keep track of how many evens you roll, and you want the probability that you roll a 7 before you get to 3 evens.There are 20 chips in a bag. 10 are blue, 5 are red, 4 are green, and 1 is gold. If you pick the gold chip, you win $12. If you pick a green chip you win $5. If you pick a red chip, you win $4. If you pick a blue chip, you lose $10. Find your expectation for this game.
