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MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Suppose there is a carnival game where you select 1 card out of a deck of 55 cards. Inside the deck there is 1 Ace, 3 Kings, 4 Queens, and 47 Blanks. The payouts for the game are as follows: Draw an Ace: Win 15 dollars Draw a King: Win 5 dollars Draw a Queen: Win 3 dollars Draw a Blank: Lose 1 dollar Look back at Question 5. Suppose you play this game 7 times. What is the probability that after 7 plays you have lost money? (Hint: You'll have lost money if you have lost all 7 times OR if you have lost 6 times and won the 3 dollar prize once OR if you have lost 6 times and won the 5 dollar prize once. Otherwise, you'll have won money)
Transcribed Image Text:Suppose there is a carnival game where you select 1 card out of a deck of 55 cards. Inside the deck there is 1 Ace, 3 Kings, 4 Queens, and 47 Blanks. The payouts for the game are as follows: Draw an Ace: Win 15 dollars Draw a King: Win 5 dollars Draw a Queen: Win 3 dollars Draw a Blank: Lose 1 dollar Look back at Question 5. Suppose you play this game 7 times. What is the probability that after 7 plays you have lost money? (Hint: You'll have lost money if you have lost all 7 times OR if you have lost 6 times and won the 3 dollar prize once OR if you have lost 6 times and won the 5 dollar prize once. Otherwise, you'll have won money)
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