Question 1. Gatto's Mini Casino has three slot machines. Two of the machines are working correctly: you win 50% of the time. However, the third machine is broken: you win only 20% of the time. The machines look identical from the outside, so you cannot tell which one is broken. (a) Joannie picks one of the machines uniformly at random. What is the probability of winning if she plays the game once? If instead she plays the game twice (on the same machine), what is the probability she wins both games? (b) Suppose Joannie sits picks one of the machines uniformly and plays it twice. If she wins both times (lucky!), What is the probability that Joannie's machine is the broken machine? (c) Now suppose that if you play the game and win, you get a payout of $10; otherwise you win nothing. Suppose that Joannie chooses one of the slot machines uniformly at random and then plays the game twice on that machine. What is Joannie's expected payout?
Question 1. Gatto's Mini Casino has three slot machines. Two of the machines are working correctly: you win 50% of the time. However, the third machine is broken: you win only 20% of the time. The machines look identical from the outside, so you cannot tell which one is broken. (a) Joannie picks one of the machines uniformly at random. What is the probability of winning if she plays the game once? If instead she plays the game twice (on the same machine), what is the probability she wins both games? (b) Suppose Joannie sits picks one of the machines uniformly and plays it twice. If she wins both times (lucky!), What is the probability that Joannie's machine is the broken machine? (c) Now suppose that if you play the game and win, you get a payout of $10; otherwise you win nothing. Suppose that Joannie chooses one of the slot machines uniformly at random and then plays the game twice on that machine. What is Joannie's expected payout?
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...
Related questions
Question
Solve part a-c and explain how to get each answer
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step 1: Given information
VIEWStep 2: (a) Calculation of P (winning on a single play) and P (winning both times on the same machine)
VIEWStep 3: (b) Calculation of P (The broken machine was chosen given that Joannie won both times
VIEWStep 4: (c) Calculation of the Joannie's expected payout
VIEWSolution
VIEWStep by step
Solved in 5 steps with 33 images
Recommended textbooks for you
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON