You need to borrow money for gas, so you ask your mother and your sister. You can only borrow money from one of them. Before givingyou money, they each say they will make you play a game. Your sister says she wants you to spin a spinner with two outcomes, blue andred, on it. She will give you $11 if the spinner lands on blue and $19 if the spinner lands on red. Your mother says she wants you to spin aspinner with six outcomes, numbered 1 through 6, on it. She will give you $3 times the number that the spinner lands on. Determine theexpected value of each game and decide which offer you should take.国 KeypadAnswerKeyboard ShortcutsExpected value for your sister's game: $Expected value for your mother's game: $Which offer should you take?O your sister's offerO your mother's offer

Answered: Image /qna-images/answer/03195db0-6c70-4673-ab35-e54694a67978.jpg

Answered: You need to borrow money for gas, so…

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...

See similar textbooks

Similar questions

Tony Soprano orders three of his henchmen to go and get cannolis. Silvo returns with bag A, which has two white vanilla cannolis. Paulie returns with bag B, which has two black chocolate cannolis. Christopher comes back with bag C, which has one white vanilla and one black chocolate cannoli. Tony reaches into one bag at random and takes a big bite of a white vanilla cannoli. Tony says, “Hey this is pretty good! Hey, Christopher, you just graduated from UWT. Did that Goda guy teach you anything? What are the odds the other cannoli in the bag I grabbed is a white vanilla cannoli?” Well Christopher, what do you say?
A new game is being introduced at the Hard Rock Cafe. A ball is spun around a wheel until it comes to rest in one of many spots. Whatever is listed in that spot will be the player's winnings. If the wheel has 15 spots labeled $1, 9 spots labeled $2, and 9 spots labeled $10, how much should a player expect to win on average?
A new game is being introduced at the Hard Rock Cafe. A ball is spun around a wheel until it comes to rest in one of many spots. Whatever is listed in that spot will be the player's winnings. If the wheel has 11 spots labeled $1, 10 spots labeled $2, and 5 spots labeled $10, how much should a player expect to win on average?
Joe and Maggie take turns mowing the lawn each week. Maggie suggests they try a new system for determining who should mow the lawn. Each week, they will roll two dice and determine the sum of the values. Since the highest possible sum is 12, Maggie will mow the lawn if the sum is 6 or less, and Joe will mow the lawn if the sum is greater than 6. Before agreeing to Maggie's suggestion, Joe wants to check if this plan would be fair. He decides to roll a pair of dice and determine the sum of the values 100 times. The graph shows the results of the 100 trials. Based on his simulation, should Joe agree to Maggie’s plan? (yes/no), because a sum greater than 6 is likely to occur (more than, less then, equal to)(30%, 50%, 75%) of the time
In this game, two chips are placed in a cup. One chip has two red sides and one chip has a red and a blue side. The player shakes the cup and dumps out the chips. The player wins if both chips land red side up and loses if one chip lands red side up and one chip lands blue side up. The cost to play is $4 and the prize is worth $6. Is this a fair game.
You are a contestant on a game show. There are three closed doors in front of you. The game show host tells you that behind one of these doors is a million dollars in cash, and that behind the other two doors there are trashes. You do not know which doors contain which prizes, but the game show host does. The game you are going to play is very simple: you pick one of the three doors and win the prize behind it. After you have made your selection, the game show host opens one of the two doors that you did not choose and reveals trash. At this point, you are given the option to either stick with your original door or switch your choice to the only remaining closed door. To maximize your chance to win a million dollars in cash, should you switch? Choices: A) Yes B) No C) It doesn't matter because the probability for you to win a million dollars in cash stays the same no matter if you switch or not.
At your local carnival, there is a game where 40 rubber duckies are floating in a kiddie tub, and they each have their bottoms painted one of three colors. 55 are painted pink, 16 are painted blue, and 19 are painted purple. If the player selects a duck with a pink bottom, they receive three pieces of candy. If they select blue, they receive two pieces of candy. And if they select purple, they receive one piece of candy. If the game is played 42 times, what are the minimum and maximum amounts of candy that could be handed out?
Each of four siblings (Anita, Tony, Maria, and Jose) is given $5,000 to invest in the stock market. Each chooses a different stock. One chooses a utility stock, another an automotive stock, another a technology stock, and the other an oil stock. From the following clues, determine which sibling bought which stock. Anita and the owner of the utility stock purchased their shares through an online brokerage, whereas Tony and the owner of the automotive stock did not. The gain in value of Maria's stock is twice the gain in value of the automotive stock. The technology stock is traded on NASDAQ, whereas the stock that Tony bought is traded on the New York Stock Exchange.
At a back-to-school party, one of your friends lets you play a two-stage game where you pay $3 to play. The game works as follows: flip a fair coin, noting the side showing, and roll a fair standard 4-sided die (numbered 1–4), noting the number showing. If the die shows a 3 and the coin shows tails, then you win $22. If the coin shows heads and the die shows an even number, then you win $9. Otherwise, you do not win anything. Let X be your net winnings. (a) Create a probability distribution for X. Enter the possible values of X in ascending order from left to right. All probabilities should be exact. X P(X) (b) Compute your expected net winnings for the game. Round your answer to the nearest cent.
A new game is being introduced at the Hard Rock Cafe. A ball is spun around a wheel until it comes to rest in one of many spots. Whatever is listed in that spot will be the player's winnings. If the wheel has 13 spots labeled $1, 15 spots labeled $2, and 7 spots labeled $10, how much should a player expect to win on average?

Recommended textbooks for you

A First Course in Probability (10th Edition)

Probability

ISBN:

9780134753119

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability

Probability

ISBN:

9780321794772

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability (10th Edition)

Probability

ISBN:

9780134753119

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability

Probability

ISBN:

9780321794772

Author:

Sheldon Ross

Publisher:

PEARSON

SEE MORE TEXTBOOKS