1In the game of roulette, a player can place a $8 bet on the number 27 and have a probability of winning. If the metal ball lands on 27, the player gets to keep the $8 paid to play the game and the player is awarded an additional $280. Otherwise, the player is awarded38nothing 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?The expected value is $(Round to the nearest cent as needed.)

Answered: In the game of roulette, a player can…

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 that you and a friend are playing cards and decide to make a bet. If you draw two clubs in succession from a standard deck of 52 cards without replacing the first card, you win $⁢40. Otherwise, you pay your friend $10$⁢10. What is the expected value of your bet? Round your answer to the nearest cent, if necessary.
Suppose that you and a friend are playing cards and decide to make a bet. If you draw three fives in succession from a standard deck of 5252 cards with replacement, you win $70$⁢70. Otherwise, you pay your friend $10$⁢10. What is the expected value of your bet? Round your answer to the nearest cent, if necessary.
Solve the problem that involves computing expected values in a game of chance. A game is played using one die. If the die is rolled and shows a 3, the player wins $7. If the die shows any number other than 3, the player wins nothing. If there is a charge of $1 to play the game, what is the game's expected value? Round to the nearest cent. O A. $0.17 O B. $6.00 OC. -$0.17 OD. -%241.00 Next O vi 10:39 acer esc %23 $4 6. 7 8. 9. S 4 U e
The Math Team is hosting a raffle, and only 100 people will be allowed to enter. A ticket costs $2 and the prize is a $50 gift card. Only one person will win. What is the probability that you will win? What is the probability that you will not win? Find the expected value.
A card game goes like this: You draw a card from a 52-card deck. If it is a face card (jack, queen or king), you win $5; otherwise, you lose $2. What is your expected value for this game? (Round your answer to the nearest cent.)$
In the game show “Deal or no Deal?”, a contestant must first choose 5 boxes out of 22 to be opened. Each box contains a different amount of money. Once a box has been opened, its contents can no longer be won. For each question, explain your reasoning carefully: (a) What is the probability that the contestant chooses the most valuable box? (b) What is the probability that the contestant chooses at least one of the top 5 most valuable boxes
Solve the problem that involves computing expected values in a game of chance. A numbers game run by many state governments allows a player to select a three-digit number from 000 to 999. There are 1000 such numbers. A bet of $14 is placed on a number. If the number is selected, the player wins $1,400. If any other number is selected, the player wins nothing. Find the expected value for the game. A. $12.60 OB. $1.40 OC. -$12.60 OD. -$1.40
In the game of roulette, one of the simplest bets is to wager on red. Here if you bet $1 and the ball lands on a red number in the wheel, then you will win $2 (i.e. profit $1). If the ball lands on a black or green space in the wheel, then you win nothing. What is the expected value on this bet? See the wheel below and show the work that you did to complete this problem. No work = no credit.
A lottery cost $5 to play. Each ticket has a 12% chance of winning $40. What is expected value of a ticket?
In the game of roulette, a player can place a $5 bet on the number 20 and have a 138 probability of winning. If the metal ball lands on 20, the player gets to keep the $5 paid to play the game and the player is awarded an additional $175. Otherwise, the player is awarded nothing and the casino takes the player's $5. 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?
In a game, you roll a die. If you get a 1 or a 5, you would win $5. If you roll a 4 you win $15 and if you roll a 2, 3, or 6 you lose $10. What is the expected value of one roll of the die? Type a response

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