Answered: MOLLY esc ť Ť → ← C Another option in…

Database System Concepts

7th Edition

ISBN:9780078022159

Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Chapter1: Introduction

Section: Chapter Questions

Problem 1PE

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MOLLY esc ť Ť → ← C Another option in Club Keno is to play the "Kicker." This is an option that doubles your bet, but you can get a random multiplier to your winnings. About 2/3 of the time there is no multiplier, though. Let's consider what the expected value is when playing the kicker while only betting on only one number. Outcome Kicker Probability Net Value x1 x2 x3 x4 x5 x10 Any What is the expected value when using the Kicker option and choosing one number? $ (Round to the nearest cent.) beasley Xem/ZMAIHIL12 X M MyOpenMath https://www.myopenmath.com/assess2/?cid=166287&aid=11856365#/full f1 1 Correct 1 Correct 1 Correct 1 Correct 1 Correct 1 Correct 0 Correct If you had not played the kicker, the table would be: Probability Submit and End 1 ? Outcome 1 Correct 0 Correct Q Type here to search If you had not played the kicker, what would the expected value be? $ (Round to the nearest cent.) 12 2 0.25 0.75 f3 0.15625 0.046875 0.0234375 0.01171875 0.00585938 0.00585938 # 0.75 3 14 W E $ O 4 $1 -$1 100 15 $0 $2 $4 $6 $8 $18 -$2 % R Net Value 5 8 a hp 17 X & 7 8 T Y U

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Overview

In this question we have to solve and calculate the expected value in Club Keno when using the Kicker option and choosing one number. The Kicker option doubles the bet and provides a random multiplier to the winnings, with about 2/3 of the time having no multiplier. The table shows the different outcomes and their corresponding probabilities and net values, and the expected value is calculated by multiplying each outcome by its probability and summing them up.

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