One option in a roulette game is to bet $21 on red. ​ (There are 18 red​ compartments, 18 black​ compartments, and two compartments that are neither red nor​ black.) If the ball lands on​ red, you get to keep the $21 you paid to play the game and you are awarded $21.If the ball lands​ elsewhere, you are awarded nothing and the $21 that you bet is collected. Find the expected payback for this roulette game if you bet $21 on red.

Q: Game 1: Bet $1000 and then flip a fair coin. If you get heads you will recieve $5000 OR Game 2: Bet…

A: When a coin is tossed then there are two possible outcomes, H=head and T=tail. So, P(H)=1/2=0.5…

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A: When we toss two coins the sample space is S={HH,HT,TH,TT} n(S)=4 Let E be the event of getting both…

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Q: One option in a roulette game is to bet $16 on red. (There are 18 red compartments, 18 black…

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Q: Supposed a certain game is fair and costs $7 if you lose and has a net payoff of $10 if you win. The…

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Q: In a game, a man is paid P300 if he draws a jack or a queen and P500 if he draws a king or an ace…

A: Given In a game, a man is paid P300 if he draws a jack or a queen and P500 if he draws a king or an…

Q: (a) Find the expected value of playing the game. dollars (b) What can Alonzo expect in…

A:

Q: A certain game involves tossing 3 fair​ coins, and it pays 20¢ for 3​ heads, 9¢ for 2​ heads, and 5¢…

A: Given data A certain game involves tossing 3 fair coins it pays 20c for 3 heads , 9c for 2 heads ,…

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…

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Q: A certain game involves tossing 3 fair coins, and it pays 18¢ for 3 heads, 9¢ for 2 heads, and 3¢…

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Q: Coin flip results in one game HHH THTTT THHTHTHTTTT Number of flips Result of the game You win $5…

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Q: at a casino, you throw a fair 4 sided dice whose sides are labeled 1, 2, 3 and 4.   If you land on…

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Q: ou are on a TV show. You have been asked to either play a dice game five times or accept a $150…

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Q: Kaitlin has a bag with 8 balls numbered 1 through 8. She is playing a game of chance. This game is…

A:

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Q: You and two friends (Adam and Alana) will only play a game if it is fair for all three of you. The…

A: Given that two dice are thrown. We have to solve this using probability.

Q: SportBet lists the odds against the Lakers winning their next game as 5:2. Joe bets $10 with Sport…

A: Given: The odds against the lakers winning their next game is 5:2. Joe bets $10.

Q: How much should you win or lose if any other number turns up in order for the game to be​ fair?

A: Here two dice are rolled  So Total possible outcomes  6× 6 = 36

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Q: you roll two standard dice. If you roll doubles, then you pay $5. If the game is fair, what would…

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Q: What did the insurance company charge Charlie for this policy if the company expected to break even?

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Q: One option in a roulette game is to bet $20 on red. (There are 18 red compartments, 18 black…

A: Given that one option in a roulette game is to bet $20 on red. (there are 18 red compartments, 18…

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Q: After giving the lotto a try you decide to go back to Clayton Campus for some more gambling action.…

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