- What is the probability that, if you play, you win at least $5? 0.176 If you pay $0.60 to play, what is your expected net gain? (Note: a negative gain indicates a loss) [ Select ] - If the people running the coconut shy wanted to make $1.5 profit on each throw, how much should they charge for one throw? [Select ] You and 3 of your friends decide to all have a go. Each time you play, the coconuts are replaced so that you are all aiming at 17 coconuts. - What is the probability that you each hit a coconut that is not worth a prize? [ Select] Two of your friends get bored and decide to go and try their luck on a different stand. - Out of the 2 of you who are still playing on the coconut shy, what is the probability that at least one of you hits one of the coconuts with a $5 prize? [Select]
- What is the probability that, if you play, you win at least $5? 0.176 If you pay $0.60 to play, what is your expected net gain? (Note: a negative gain indicates a loss) [ Select ] - If the people running the coconut shy wanted to make $1.5 profit on each throw, how much should they charge for one throw? [Select ] You and 3 of your friends decide to all have a go. Each time you play, the coconuts are replaced so that you are all aiming at 17 coconuts. - What is the probability that you each hit a coconut that is not worth a prize? [ Select] Two of your friends get bored and decide to go and try their luck on a different stand. - Out of the 2 of you who are still playing on the coconut shy, what is the probability that at least one of you hits one of the coconuts with a $5 prize? [Select]
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question

Transcribed Image Text:You and your friends decided to go to the Anteater Involvement
Fair, where they some games. One of the games is a coconut shy,
where the aim of the game is to throw a wooden ball at coconuts
stood on poles, and you don't know which coconuts are worth
prizes. We assume that you and your friends hit a coconut each
time with probability 1.
There are 17 coconuts:
7 of the coconuts have no prize
• 4 have a prize of $1
• 3 have a prize of $2
• 2 have a prize of $5
• 1 has a $10 prize.
Initially you have one throw at the coconuts:
![- What is the probability that, if you play, you win at least $5?
0.176
ts
If you pay $0.60 to play, what is your expected net gain?
(Note: a negative gain indicates a loss)
[ Select ]
- If the people running the coconut shy wanted to make $1.5
profit on each throw, how much should they charge for one
throw? [Select ]
You and 3 of your friends decide to all have a go. Each time
you play, the coconuts are replaced so that you are all aiming at
17 coconuts.
- What is the probability that you each hit a coconut that is
not worth a prize? [ Select]
Two of your friends get bored and decide to go and try their
luck on a different stand.
- Out of the 2 of you who are still playing on the coconut shy,
what is the probability that at least one of you hits one of the
coconuts with a $5 prize? [Select ]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0aaf72ae-8073-4cb4-ae75-7d87fdc3f506%2F50fd9949-92c0-42e6-88dd-017f5a38353e%2F2bv7ov_processed.jpeg&w=3840&q=75)
Transcribed Image Text:- What is the probability that, if you play, you win at least $5?
0.176
ts
If you pay $0.60 to play, what is your expected net gain?
(Note: a negative gain indicates a loss)
[ Select ]
- If the people running the coconut shy wanted to make $1.5
profit on each throw, how much should they charge for one
throw? [Select ]
You and 3 of your friends decide to all have a go. Each time
you play, the coconuts are replaced so that you are all aiming at
17 coconuts.
- What is the probability that you each hit a coconut that is
not worth a prize? [ Select]
Two of your friends get bored and decide to go and try their
luck on a different stand.
- Out of the 2 of you who are still playing on the coconut shy,
what is the probability that at least one of you hits one of the
coconuts with a $5 prize? [Select ]
Expert Solution

Step 1
Introduction:
Denote the random variable X as the amount of winning in a randomly selected throw, not taking into consideration any amount the player has to pay to attempt a throw.
Suppose P (x) is the probability that X = x, that is, P (x) = P (X = x).
Step by step
Solved in 2 steps
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