In the game of​ roulette, a player can place a ​$8 bet on the number 22 and have a 138 probability of winning. If the metal ball lands on 22​, the player gets to keep the ​$8 paid to play the game and the player is awarded an additional ​$280. ​ Otherwise, the player is awarded nothing and the casino takes the​player's ​$8. What is the expected value of the game to the​ player? If you played the game 1000​ times, how much would you expect to​ lose?

Q: An online gambling site offers a first prize of $45,000 and two second prizes of $10,000 each for…

A: Solution-: An online gambling site offers a first prize of $45,000 and two second prizes of $10,000…

Q: A local organization sells 10,000 lottery tickets for $1 each. Prizes are awarded by a random…

A: Given, A organization sells 10,000 lottery tickets for $1 each. First price earn $300, Second win…

Q: in the game of roulette, a player can place a $4 bet on the number 33 and have a 138 probability of…

A: Given information: It is given that, in a game of roulette, a player can place a $4 bet on the…

Q: Suppose that you and a friend are playing cards and decide to make a bet. If you draw two clubs in…

A: In the deck of 52 cards, there are 13 clubs. The number of ways for selecting 2 club cards without…

Q: A charity organization is holding a raffle. Each ticket costs $14. One winner will win $1500, two…

A:

Q: A game consists of you rolling a die one time. If you roll a 1 or 2, you will $2. If you roll a 6,…

A: We will first find the Value of each outcome which will be Inflow-outflow  We will get the value as

Q: Suppose that you and a friend are playing cards and decide to make a bet. If your friend draws three…

A: Given information- We have given a standard deck of 52 cards. My friend draws three hearts in…

Q: Suppose you are invited to play a game in which you bet $1 on any number from 000 to 299. If your…

A:

Q: In the game of roulette, a player can place a $4 bet on the number 9 and have a probability of…

A:

Q: If you pick one card at random from a standard deck of cards, what is the probability it is not the…

A: We know that There are 52 cards in the deck divided into two colour i.e red(26) and black (26).…

Q: Given that a 5 - card poker hand is dealt from a standard deck of 52, find the probability that you…

A: Given that  5 cards are dealt from a deck of 52 cards.

Q: Suppose you play a game where you toss three fair coins. If you get three tails, you win $10.…

A: Probability of getting a tail while tossing a coin is 1/2 So, if 3 coins will be tossed then the…

Q: At a carnival, a game is played where you have the chance to win money drawing a ball from a bag.…

A:

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: What is the expected value of the game to the​ player? If you played the game 1000​ times, how much…

A: The probability of winning is 138 and probability of losing is 3738=1-138. When a player wins game…

Q: A lottery offers one $500 prize, and one $100 prize. One thousand tickets are sold at $5 each. Find…

A: Given info: The lottery offers one $500 prize and one $100 prize. One thousand tickets are sold at…

Q: ose the following data represent the ratings (on a scale from 1 to 5) for a certain smart phone…

A: Hey there! Thank you for posting the question. Since there are multiple questions posted, we will…

Q: 1 In the game of roulette, a player can place a $6 bet on the number 24 and have a 38 probability of…

A: Given a player can place a $6 bet on the number 24 and have a probability of winning. If the metal…

Q: You play a gambling game with a friend in which you roll a die. If a 1 or 2 comes up, you win $5.…

A: Given that, When a die is rolled then, If a 1 or 2 comes up, you win $5 otherwise you lose $4

Q: A game-show spinner has these odds of stopping on particular dollar values: 55% for $5, 20% for…

A: The odds of player wining $500 is 15% and the odds of player wining $1,000 is 10%.

Q: You roll two standard six-sided dice. You win $100 if the sum is 5 and lose $10 otherwise. What is…

A:

Q: utcome is 00, 0, or 1, there is a probability of 38 of making a net profit of $60 and a 38…

A: Given playing roulette at a casino, a gambler is trying to decide whether to bet $20 on the number…

Q: -What is the expected gain from this game?

A: here total 52 cards in deck total face cards = 12( J,Q,K of each suit) total ace = 4   probability =…

Q: In dice, a pair of ones is called snake eyes. What is the probability of losing a dice game by…

A: Given, In dice, a pair of ones is called snake eyes.

Q: The Cyclones play Baylor on Tuesday. If the odds for the Cyclones winning are 7:2, what is the…

A: The odds for the Cyclones winning are 7:2

Q: You are playing a game where you draw a card from a standard deck, and you will win $17 if you draw…

A:

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: 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: Suppose you are invited to play a game in which you bet $1 on any number from 000 to 899. If your…

A: There are total numbers from 000 to 899=900 And also given, bet amount when any above number…

Q: In the game of roulette, a player can place a $5 bet on the number 9 and have a an probability of…

A: P(winning) = 1/38 Amount on winning = 175 P(loss) = 1-1/38 = 37/38 Amount on losing = -5

Q: Suppose you are invited to play a game in which you bet $1 on any number from 000 to 599. If your…

A: Number from 000 and 599  If your number comes up you get $300  We have to find Expected wining

Q: In the game of roulette, a player can place a $4 bet on the number 32 and have a probability of…

A:

Q: Suppose you are invited to play a game in which you bet $1 on any number from 000 to 299. If your…

A:

Q: A game has an expected value to you of ​$400. It costs ​$400 to​ play, but if you win you receive​…

A: Given Information :  A game has an expected value to you of ​$400. It costs ​$400 to​ play, but if…

Q: In the game of roulette, a player can place a $7 bet on the number 17 and have a an probability of…

A: We want expected value

Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.