Suppose there is a game in which dice are used. The playerearns 20 dollars if face 2 appears, 40 dollars if face 4appears, and loses 30 dollars if face 6 appears, while hedoes not lose and does not win if any other facethen the expectation of the amount he won is 5.аppears,TrueFulse

For the given problem state whether it is true or false

Answered: Suppose there is a game in which dice…

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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James placed a $25 bet on a red and a $5 bet on the number 33 (which is black) on a standard 00 roulette wheel. -if the ball lands in a red space, he wins $25 on his 'red' but loses $5 on his '33' bet - so he wins $20 -if the ball lands the number 33, he loses $25 on his 'red' bet but wins $175 on his '33' bet: He wins $150 -if the ball lands on a spae that isn't red and isnt 33 he loses both bets, so he loses $30 So for each spin; he either wins $150, wins $20, or loses $30 -probability that he wins $150 is 1/38 or .0263 -probability that he wins $20 is 18/38 or .4737 -probability that he loses $30 is 19/38 or .5000 let X = the profit that james makes on the next spin x P (X=x) x*P(X=x) x^2*P(X=x) 150 .0263 3.945 591.75 20 .4737 9.474 189.48 -30 .5000 -15.000 450.00 sum (sigma) 1.000 -1.581 1231.23 u (expected value)= -$1.581 variance = 1228.73044 standard deviation = 35.053 FILL IN THE BLANK if you play 2500 times, and Let, x (x bar)= the mean winnings (or…
Show all workings - use formulas: A group consists of 10 girls and 8 boys. A team of 9 are to be selected from this group. What is the probability that the team selected will consist of 5 girlsand 4 boys, but will not include ANY of 4 specific boys?
When playing games of chance like roulette, people often say that a particular outcome is due, implying that one income is more likely because it has not happened in a while. This is fallacy because in these examples of outcome of each trial is: a. independent b. dependent c. subjective d. interrelative
An organization for people with high IQ, and eligibility requires an IQ above 131.5. Suppose the IQ scores are normally distributed with a mean of 102.5 and standard deviation of 16.1. If someone wants to join the organization, what is the probability that he or she meets the organization’s requirement?
In a certain university the probability of randomly selecting a student that studies mathematics is 0.6 while the probability of randomly selecting a student studying literature is 0.45. Which of the following statements CAN NEVER BE TRUE? I. The probability of selecting a student studying mathematics given that he studies literature is 0. II. The probability of selecting a student that studies both science and mathematics is 0.27. O Both Statements I and Il. O StatementI only. O Neither Statement I not I. O Statement II only.
One option in a roulette game is to bet $7 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 $7 you paid to play the game and you are awarded $7. If the ball lands elsewhere, you are awarded nothing and the $7 that you bet is collected. Complete parts (a) through (b) below. III a. What is the expected value for playing roulette if you bet $7 on red? $ (Round to the nearest cent.) b. What does this expected value mean? Choose the correct statement below. O A. This value represents the expected loss over the long run for each game played. OB. Over the long run, the player can exper to break even. OC. This value represents the expected win over the long run for each game played.
There are 20 chips in a bag. 10 are blue, 5 are red, 4 are green, and 1 is gold. If you pick the gold chip, you win $12. If you pick a green chip you win $5. If you pick a red chip, you win $4. If you pick a blue chip, you lose $10. Find your expectation for this game.
A certain game involves tossing 3 fair coins, and it pays 11¢ for 3 heads, 7¢ for 2 heads, and 4e for 1 head. Is 7¢a fair price to pay to play this game? That is, does the 7¢ cost to play make the game fair? .... The 7¢ cost to play a fair price to pay because the expected winnings are (Type an integer or a fraction. Simplify your answer.)
Identify two possibleways inwhich conditional probabilities can be computed.
A favorite casino game of dice “craps” is played in the following manner: A player starts by rolling a pair of balanced dice. If the roll (the sum of two numbers showing on the dice) results in a 7 or 11, the player wins. If the roll results in a 2 or 3 (called “craps”) the player loses. For any other roll outcome, the player continues to throw the dice until the original roll outcome recurs (in which case the player wins) or until a 7 occurs (in which case the player loses). When answering the following questions, you can use this outcome chart for the roll of two dice: Provide the probability answers in fraction and in decimal forms rounded to 4 digits. A. List the possible outcomes (sample space) for winning on the first roll of the dice. B. What is the probability that a player wins the game on the first roll of the dice? C. List the possible outcomes (sample space) for losing on the first roll of the dice. D. What is the probability that a player loses the game on the…
A certain game involves tossing 3 fair coins, and it pays 13¢ for 3 heads, 6¢ for 2 heads, and 2¢ for 1 head. Is 6¢ a fair price to pay to play this game? That is, does the 6¢ cost to play make the game fair? The 6¢ cost to play is not a fair price to pay because the expected winnings are (Type an integer or a fraction. Simplify your answer.) c.
A and B throw a die for a stake of Rs.44,000, which is to be won by the player who first throws the number 5. If A takes the first throw, what are their expectations ?

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Suppose there is a game in which dice are used. The playe: earns 20 dollars if face 2 appears, 40 dollars if face 4 appears, and loses 30 dollars if face 6 appears, while he does not lose and does not win if any other face appears, then the expectation of the amount he won is 5. O True O Fulse