**Problem #7 – Carnival Game**A carnival game is played as follows: You draw a card from an ordinary poker deck of 52 cards. If you draw an ace, you win $5. If you draw a face card, you win $3. If you draw the seven of spades, you win $10. If you draw any other card, you lose $2. On average, how much money can the game’s operator expect to make per customer?

We know that the probability of any event is probability=favorable number of outcomesThe total…

Answered: Problem #7 - Carnival Game A carnival…

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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The board game Dominion is a card-drafting game where the player with the most victory points wins. You are playing Dominion with a group of friends, and are on the last turn. The only two remaining cards that you can purchase are Duchies and Dukes. Each Duchy is worth 3 victory points and costs 5 gold. Each Duke gives you 1 victory point per Duchy in your possession, and also costs 5 gold. Assuming you have N gold and can purchase as many cards as you like, how many Dukes and Duchies should you buy to maximize your victory points?
A particular gambling game pays 4 to 1 and has a 20% chance to win. Someone will bet $10, 125 times, and keep track of the total amount won or lost. Which of the following boxes will produce the right answers? Check ALL answers that apply. a. 1 ticket labeled $10 and 4 tickets labeled -$10 b. 20 tickets labeled $10 and 80 tickets labeled -$10 c. 20 tickets labeled 1 and 80 tickets labeled 0 d. 1 ticket labeled $40 and 4 tickets labeled -$10 e. 20 tickets labeled $40 and 80 tickets labeled -$10 f. 1 ticket labeled 1 and 4 tickets labeled 0
QUESTION 10. A casino offers a game that it calls "five in a row". The rules of the game are simple: Pick a color, either red or black. Take a well-shuffled ordinary deck of 52 cards and pick 5 cards anywhere in the deck. If you pick 5 in a row of the color you chose, you win. Otherwise, you lose. You have to pay $10 for the chance to play this game, and you get $360 if you win. A standard deck has 26 red cards and 26 black cards. 60 971 to nois91 123W Calculate the expected value of playing this game in the casino. In other words, for each $10 that you spend in order to play this game, how much money should you expect to win back? noiges
Dr. Lawrence plays in a 10-team dynasty football league, where the top six teams make the playoffs. If only getting into the playoffs matters, how many 6-team playoff 4. scenarios can be made?
Problem 4. You are to play the following game of cards. Cards are worth their face value, Jacks, Queens and Kings are also worth 10 and Aces are worth 11. You pull precisely two cards from a standard deck and if their sum is at least 20, then you win the game and are given a prize of cash. It costs you $10 to play the game. At least how much should the prize be in order to make your expected winnings positive? Note that if the sum of your cards is less than 20 then you lose your $10.
QUESTION 10. A casino offers a game that it calls "five in a row". The rules of the game are simple: Pick a color, either red or black. Take a well-shuffled ordinary deck of 52 cards and pick 5 cards anywhere in the deck. If you pick 5 in a row of the color you chose, you win. Otherwise, you lose. You have to pay $10 for the chance to play this game, and you get $360 if you win. A standard deck has 26 red cards and 26 black cards. Calculate the expected value of playing this game in the casino. In other words, for each $10 that you spend in order to play this game, how much money should you expect to win back? Insbuie sdorli yilidad og in Colomal aw drabute sib yillidsdorg sdt belle betov trebutz & Jerit nevid d sicbibnso trons not bistov to sisM zew Insbute 6383 lidsdong and brid bns eloy Jo doig ar zi 15/W b 29110g016 HAS
Problem 7. I offer you the following game. Suppose I have a fair 100-sided dice. Each roll of the dice will cost you $1 - however, you can roll the dice as many times as you want. At any point, you can choose to stop rolling, and I will pay you the amount of money shown. When should you stop rolling the dice, and how much money do you expect to make?
5. Divide and conquer. You're again facing your friend, Brenda, in a "candy-off” game involving a pile of 100 caramels and the winner's prize: one peppermint patty. (Like before, you still LOVE peppermint patties!). On their turn, each player can remove a
At a back-to-school party, one of your friends lets you play a two-stage game where you pay $3 to play. The game works as follows: flip a fair coin, noting the side showing, and roll a fair standard 4-sided die (numbered 1–4), noting the number showing. If the die shows a 3 and the coin shows tails, then you win $22. If the coin shows heads and the die shows an even number, then you win $9. Otherwise, you do not win anything. Let X be your net winnings. (a) Create a probability distribution for X. Enter the possible values of X in ascending order from left to right. All probabilities should be exact. X P(X) (b) Compute your expected net winnings for the game. Round your answer to the nearest cent.
(Note that an Ace is considered a face card for this problem) In drawing a single card from a regular deck of 52 cards we have: (a) P( Queen and a 3) = (b) P(black or a 3) = (c) P( black and a Queen ) =. (d) P( face card or a number card) (c) P( black and a face card ) = =

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