One option in a roulette game is to bet $8 on red. (There are 18 red compartments, 18 black compartments, and 2 compartments that are neither red nor black.) If the ball lands on red, you get to keep the $8 you paid to play the game, and you are awarded $9. If the ball lands elsewhere, you are awarded nothing, and the $8 that you bet is collected. Write down the probability distribution for the earnings from this type of bet and find
One option in a roulette game is to bet $8 on red. (There are 18 red compartments, 18 black compartments, and 2 compartments that are neither red nor black.) If the ball lands on red, you get to keep the $8 you paid to play the game, and you are awarded $9. If the ball lands elsewhere, you are awarded nothing, and the $8 that you bet is collected. Write down the probability distribution for the earnings from this type of bet and find
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Question
One option in a roulette game is to bet
expected value .
$8
on red. (There are 18 red compartments, 18 black compartments, and 2 compartments that are neither red nor black.) If the ball lands on red, you get to keep the
$8
you paid to play the game, and you are awarded
$9.
If the ball lands elsewhere, you are awarded nothing, and the
$8
that you bet is collected. Write down the probability distribution for the earnings from this type of bet and find the Give the probability distribution.
|
Earnings
|
Probability
|
|---|---|
|
▼
negative $ 17−$17
negative $ 9−$9
negative $ 8−$8
|
nothing
|
|
▼
$ 9$9
$ 8$8
$ 17$17
|
nothing
|
(Type an exact answer in simplified form.)
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