Your answer is incorrect.Españo• (a): One of the digits in your answer is wrong. Check your work carefully.• (b): Your answer is incorrect.Carlos has a deck of 10 cards numbered 1 through 10. He is playing a game of chance.This game is this: Carlos chooses one card from the deck at random. He wins an amount of money equal to the value of the card if an odd numbered card isdrawn. He loses $6 if an even numbered card is drawn.00(If necessary, consult a list of formulas.)(a) Find the expected value of playing the game.-0.30 dollars(b) What can Carlos expect in the long run, after playing the game many times?(He replaces the card in the deck each time.)Carlos can expect to gain money.He can expect to win dollars per draw.o Carlos can expect to lose money.He can expect to lose 0.3 dollars per draw.CheckSave For LaterSubmit AssignmentO 2022 McGraw Hill LLC. All Rights Reserved. Terms of Use I Privacy Center | Accessibilitystv49DIIF4F7FB%2324&2358

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Answered: Your answer is incorrect. Espe • (a):…

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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Similar questions

A raffle sells 3000 tickets and 50 of them win a prize. If a person buys a raffle ticket, determine their:(a)odds against winning a prize and simplify. (b)odds in favor of winning a prize and simplify.
Your friend offers to place a bet with you. He will pay you $2 if your favorite sports team wins the game on Tuesday night. But you will pay him $3 if his team wins. Your team has an 55% chance of winning, whereas his only has a 45% chance. This bet is in your favor. True or False?
"Cash 5" is a 5/35 lottery. It is played in Arizona, Connecticut, Iowa, Massachusetts, North Carolina, and South Dakota. (a) Find the probability of winning first prize. (Enter your answer as a fraction.) (b)Find the probability of winning second prize. (Enter your answer as a fraction.)
You are playing a card game. If you pull an Ace you win $71, if you pull the King of hearts you win $101, if you pull a jack or a queen you win $37, all other pulls you lose. What price should you be charged to make this a fair game? Round your answer to the nearest hundredth.
There is a game of chance called "Lightning Dice" at a charity carnival. It costs $2 to play. The player then rolls 4 dice. If the player rolls 3 or more sixes, then the player wins $30. Otherwise, the player wins nothing. How much can you expect to gain or lose if you play this game 68 times?
Ravi is at the grand opening celebration of a supermarket. He spins a wheel with 10 equal-sized slices, as shown below. The wheel has 2 black slices, 4 grey slices, and 4 white slices. When the wheel is spun, the arrow stops on a slice at random. If the arrow stops on the border of two slices, the wheel is spun again. (a) If the arrow stops on a grey slice, then Ravi wins a gift card. Find the odds against Ravi winning a gift card. 0 (b) If the arrow stops on a grey slice, then Ravi wins a gift card. Find the odds in favor of Ravi winning a gift card. X to
Laura has a bag with 8 balls numbered 1 through 8. She is playing a game of chance. This game is this: Laura chooses one ball from the bag at random. She wins $1 if the number 1 is selected, $2 if the number 2 is selected, $5 if the number 3 is selected, $6 if the number 4 is selected, $8 if the number 5 is selected, and $10 if the number 6 is selected. She loses $14 if 7 or 8 is selected. (a) Find the expected value of playing the game. dollars (b) What can Laura expect in the long run, after playing the game many times? (She replaces the ball in the bag each time.) O Laura can expect to gain money. She can expect to win dollars per selection. O Laura can expect to lose money. She can expect to lose dollars per selection. O Laura can expect to break even (neither gain nor lose money). X
How would I approach this problem?
Jina has a bag with 8 balls numbered 1 through 8. She is playing a game of chance. This game is this: Jina chooses one ball from the bag at random. She wins $1 if the number 1 is selected, $2 if the number 2 is selected, S3 if the number 3 is selected, S4 if the number 4 is selected, and $5 if the number 5 is selected. She loses $5 if 6, 7, or 8 is selected. (If necessary, consult a list of formulas.) (a) Find the expected value of playing the game. | dollars (b) What can Jina expect in the long run, after playing the game many times? (She replaces the ball in the bag each time.) O Jina can expect to gain money. She can expect to win | dollars per selection. O Jina can expect to lose money. She can expect to lose dollars per selection. O Jina can expect to break even (neither gain nor lose money).
Use the counting techniques. A bag contains three red marbles, three green ones, one fluorescent pink one, three yellow ones, and four orange ones. Suzan grabs four at random. Find the probability of the indicated event. She gets one of each color other than fluorescent pink, given that she gets the fluorescent pink one.

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