) Melvin makes $100 or more. (b) Rufus makes $35,000 or more
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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In another game at Bonehead Casino in Reno, the player draws one card from a standard deck.
If it is
a KK , then the player wins $100;
an AA, QQ , then the player wins $35;
an 88, 77, JJ, then the player wins $15;
anything else, then the player loses.
It costs $16 to play (for each play).
Now, Melvin plays the game 1000 times,
Rufus plays the game 50,000 times.
Find the probability that
(a) Melvin makes $100 or more.
(b) Rufus makes $35,000 or more.
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