In a popular casino game, you can bet one whether a ball will fall in an arc on a wheel colored red, black, or green. Say the probability of a red outcome is StartFraction 18 Over 37 EndFraction1837, that of a black outcome is StartFraction 18 Over 37 EndFraction1837, and that of a green outcome is StartFraction 1 Over 37 EndFraction137. Suppose someone makes a $22 bet on blackblack. Find the expected net winnings for this single bet. Interpret the result. Choose the correct answer below and fill in the answer box to complete your choice. (Round to three decimal places as needed.) A. If the $22 bet on blackblack was placed a very large number of times, the average winnings would be ____________ dollars per bet. B. On average, a person is expected to win ___________ dollars for any bet on the roulette wheel. C. If the $22 bet on blackblack was placed a very large number of times, the bettor would win a total of ____________ dollars. D. A person will win ___________ dollars every time a $22 bet was placed on blackblack.
In a popular casino game, you can bet one whether a ball will fall in an arc on a wheel colored red, black, or green. Say the probability of a red outcome is StartFraction 18 Over 37 EndFraction1837, that of a black outcome is StartFraction 18 Over 37 EndFraction1837, and that of a green outcome is StartFraction 1 Over 37 EndFraction137. Suppose someone makes a $22 bet on blackblack. Find the expected net winnings for this single bet. Interpret the result. Choose the correct answer below and fill in the answer box to complete your choice. (Round to three decimal places as needed.) A. If the $22 bet on blackblack was placed a very large number of times, the average winnings would be ____________ dollars per bet. B. On average, a person is expected to win ___________ dollars for any bet on the roulette wheel. C. If the $22 bet on blackblack was placed a very large number of times, the bettor would win a total of ____________ dollars. D. A person will win ___________ dollars every time a $22 bet was placed on blackblack.
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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Concept explainers
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
Topic Video
Question
In a popular casino game, you can bet one whether a ball will fall in an arc on a wheel colored red, black, or green. Say the probability of a red outcome is
StartFraction 18 Over 37 EndFraction1837,
that of a black outcome is
StartFraction 18 Over 37 EndFraction1837,
and that of a green outcome is
StartFraction 1 Over 37 EndFraction137.
Suppose someone makes a
$22
bet on
blackblack.
Find the expected net winnings for this single bet. Interpret the result.Choose the correct answer below and fill in the answer box to complete your choice.
(Round to three decimal places as needed.)
If the
$22
bet on
blackblack
was placed a very large number of times, the average winnings would be
____________
dollars per bet.On average, a person is expected to win
___________
dollars for any bet on the roulette wheel.If the
$22
bet on
blackblack
was placed a very large number of times, the bettor would win a total of
____________
dollars.A person will win
___________
dollars every time a
$22
bet was placed on
blackblack.
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