The player spins a spinner twice. On each spin the player can get a 1 or a 4 ; P(1) = .4 and P(4) = .6. The random variable X = the sum of the two spins. If X is an even number the player wins that many dollars ($2 or $8). If X is an odd number the player loses that many dollars ( $5). What is the expected value of this game to the player?

The player spins a spinner twice. On each spin the player can get a 1 or a 4 ; P(1) = .4 and P(4) = .6. The random variable X = the sum of the two spins. If X is an even number the player wins that many dollars ($2 or $8). If X is an odd number the player loses that many dollars ( $5). What is the expected value of this game to the player?

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Related questions

Q: Find P(A or B or C) for the given probabilities

A: Given,P(A)=0.36P(B)=0.25P(C)=0.16P(A∩B)=0.12P(A∩C)=0.03P(B∩C)=0.05P(A∩B∩C)=0.01

Q: The two-way table shows the number of eggs laid by 10 Rhode Island red chickens and 10 leghorn…

Q: Two cards are selected with replacement from a standard deck of 52 Find the probability of selecting…

A: the probability of selecting a 4 and then selecting a 5 selecting a 4 have 4 possible cases…

Q: Jeff and Mary are playing ping-pong. They take turns serving, and the winner of the point becomes…

A: From the given information it is clear that, P(Jeff wins each point )=0.64 P(Mary wins each point…

Q: Find P(A or B or C) for the given probabilities. P(A) = 0.36, P(B) = 0.24, P(C) = 0.16 P(A and…

A: P(A)=0.36P(B)=0.24P(C)=0.16P(A and B)=0.11P(A and C)=0.03P(B and C)=0.07P(A and B and C)=0.01

Q: Find P(A or B or C) for the given probabilities. P(A) = 0.38, P(B) = 0.25, P(C) = 0.14 P(A and B) =…

Q: If it is equally likely an employee will go to either bin and select a component randomly what is…

A: Let us define some events A : employe goes to shipment I. B : employe goes to shipment II. E :…

Q: You purchase a brand new car for $10500 and insure it. The policy pays 80% of the car's value if…

A: Given data you purchase a brand new car for $10500 and insure it. The policy pays 80% of the cars…

Q: You purchase a brand new car for $21750 and insure it. The policy pays 65% of the car's value if…

A: The company gives 65% of the cars value if there is an issue with engine, so it follows: 65% of…

Q: Your probability professor wants to replace the value 4 in the probability distribution in (a) to…

Q: P(A) = 0.61, P(B) = 0.67, P(BU A) = 0.91 Find the following probabilities. P(AN B) = P(B|A) = P(A|B)…

Q: What is your expcted value fora game where your probability of winning is 1/9 and your profit is 4…

Q: Approximately 12.5% of American high school students drop out of school before graduation. Assume…

A: binomial distribution formula: P(X=x)=ncxpxqn-x where P(X=x)=probability of success of x n=number…

Q: Find P(A or B or C) for the given probabilities. P(A) = 0.35, P(B) = 0.28, P(C) = 0.14 P(A and B) =…

A: Given : P(A) = 0.35 P(B) = 0.28 P(C) = 0.14 P(A and B) = 0.13 P(A and C) = 0.04 P(B and C) = 0.09…

Q: A poker player has either good luck or bad luck each time she plays poker. She notices that if she…

A: Given: The given question contains two different states of possibilities., Player has either good…

Q: A box of donuts containing 7 maple bars, 3 chocolate donuts, and 2 custard-filled donuts is sitting…

A: From the provided information, Box of donuts contain 7 maple bars, 3 chocolate donuts and 2 custard…

Q: Find the mean and the variance of the outcome for this game

A: The given probability distribution table is, Outcome(X) $-1.00 $0.00 $3.00 $10.00 Probability…

Q: Find P(A or B or C) for the given probabilities. P(A)=0.39, P(B)=0.24, P(C)=0.18 P(A and…

Q: What would the expected value be if tickets were sold for $10 but there were 1000 tickets sold?…

A: To calculate the expected value (EV) for the raffle with the new parameters (tickets sold for $10…

Q: You roll two fair dice, what is the probability of getting a sum of 4 or 10?

A: Given that, Two different dice are rolled simultaneously being number 1, 2, 3, 4, 5 and 6 on their…

Q: Aand Bare shooting baskets, with probabilities of making a shot at 0.6 and 0.7 respectively. Each of…

A: people, A and B are shooting baskets.The probability of A making a shot, The probability of B making…

Q: Suppose P(A) = 0.15, P(B) = 0.2, and P(A n B) = 0.06. Find the following probabilities. P(A n B) =…

Q: Dan's Diner employs three dishwashers. Al washes 20% of the dishes and breaks only 2% of those he…

A: Given: P(AI) = 0.20 P(Betty) = 0.40 P(Chuck) = 0.40 P(Break | Betty) = 0.02 P(Break | Chuck) = 0.04…

Q: The two-way table shows the number of eggs laid by 10 Rhode Island red chickens and 10 leghorn…

Q: Franklin has opened his bag of plain M&Ms and counted each color. He has determined that if someone…

A: It is given that. Red =10% Blue=15% Yellow=28%

Q: The probability of Mario having pasta for dinner is 0.7. Given that he eats pasta, there’s a 0.5…

Q: Find P(A or B or C) for the given probabilities. P(A) = 0.33, P(B) = 0.24, P(C)= 0.19 P(A and B) =…

Q: 4. Dan and Phil are preparing to host a party. They want to have a set of cornhole boards for guests…

A: "Since you have posted a question with multiple subparts, we will solve first 3 sub-parts for you.…

Q: Player picks a random ball from one of 3 boxes. It's known that for one box the probability of…

A: INTRODUCTION : Definition : Probability: If an experiment results in any one of exhaustive,…

Q: A bag of M&M's has 5 red, 4 green, 6 blue, and 3 yellow M&M's. Suppose you randomly select two M&M's…

A: 5 - red 4 - green 6 -blue 3 - yellow _____________ 18 - total M & M

Question

The player spins a spinner twice.

On each spin the player can get a 1 or a 4 ; P(1) = .4 and P(4) = .6.

The random variable X = the sum of the two spins. If X is an even number the

player wins that many dollars ($2 or $8). If X is an odd number the player loses

that many dollars ( $5).

What is the expected value of this game to the player?

Video Video

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Similar questions

4. 3. Victoria went to the store and bought 12 pieces of chocolates. She bought 5 pieces of dark chocolate and the rest were milk chocolate. If Victoria randomly picks a piece of chocolate without looking, what is the probability that she will pick a piece of milk chocolate? Write the probability as a percent and round to the nearest percent. Robert Navugs put all of the letters from his name in a bucket. If he randomly chooses a letter from the bucket without looking, what is the probability that he will choose a vowel? Write the probability as a fraction, decimal, and percent.
Two classmates, Aisha and Brandon, want to attend two school activities over the coming weekend. They have one parking pass between them. The probabilities that the classmates will attend each event are shown in the table. Aisha Brandon Probability of attending the Saturday activity 0.65 0.94 Probability of attending the Sunday activity 0.80 0.43
jessica plays a random game of chance. she takes all the gums from the sample of candy. she discards all the taffy. from the gums, she randomly picks 5 of them while replacing between picks. what is the probability that she will pick a cherry gum 4 or more times?
Suppose P(B) = 0.5, P(D) = 0.4, and P(BND) = 0.3. Find the probabilities below. a. P(DC) b. P (BC) c. P(BUD)
Hector plays a game with a friend. They have a bag which contains 13 red stones and 3 black stones. They pay $1 and pull out a stone. If the stone is black, Hector wins $6. If the stone is red, Hector wins nothing.. What is the expected value of the game?
A poker player has either good luck or bad luck each time she plays poker. She notices that if she has good luck one time, then she has good luck the next time with probability 0.2 and if she has bad luck one time, then she has good luck the next time with probability 0.4. What fraction of the time in the long run does the poker player have good luck?
i need part D
qm7 4 Suppose a jar contains 5 red marbles and 19 blue marbles. If you reach in the jar and pull out 2 marbles at random, what is the probability that both are red? % Round to 2 places.