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X, the Number of Winning Rounds Net Profit from X Wins 0 1 2 3 36 -$36 $0 $36 $72 ... $1,260 Probability of X Wins with Biased Wheel 0.2502 0.3534 0.2427 0.1079 5.940 x 10-52 Calculate the probability of walking away with a net profit (better than break-even). (Round your answer to four decimal places.) 0 3964

X, the Number of Winning Rounds Net Profit from X Wins 0 1 2 3 36 -$36 $0 $36 $72 ... $1,260 Probability of X Wins with Biased Wheel 0.2502 0.3534 0.2427 0.1079 5.940 x 10-52 Calculate the probability of walking away with a net profit (better than break-even). (Round your answer to four decimal places.) 0 3964

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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(d) Using the biased wheel, "Tisch 1", it was determined that the probability for one of the numbers was about 0.03776, which is higher than normal. Suppose you bet on this number for 36 rounds. Use this probability to fill in the blanks in the biased wheel column. (Round your answers to four significant figures.) X, the Number of Winning Rounds Net Profit from X Wins Probability of X Wins with Biased Wheel 0 1 2 3 36 -$36 $0 $36 $72 $1,260 0.2502 0.3534 0.2427 0.1079 5.940 x 10 -52 Calculate the probability of walking away with a net profit (better than break-even). (Round your answer to four decimal places.) 0.3964
Transcribed Image Text:(d) Using the biased wheel, "Tisch 1", it was determined that the probability for one of the numbers was about 0.03776, which is higher than normal. Suppose you bet on this number for 36 rounds. Use this probability to fill in the blanks in the biased wheel column. (Round your answers to four significant figures.) X, the Number of Winning Rounds Net Profit from X Wins Probability of X Wins with Biased Wheel 0 1 2 3 36 -$36 $0 $36 $72 $1,260 0.2502 0.3534 0.2427 0.1079 5.940 x 10 -52 Calculate the probability of walking away with a net profit (better than break-even). (Round your answer to four decimal places.) 0.3964
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