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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Suppose that you and a friend are playing cards and decide to make a bet. If your friend draws two red cards in succession from a standard deck of 52 cards without replacing the first card, you give him $50. Otherwise, he pays you $20. If the same bet was made 15 times, how much would you expect to win or lose? Round your answer to the nearest cent, if necessary. Answer O Win ⒸLose Keypad Keyboard Shortcuts
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.
You play a game with two-six sided dice. If you roll a sum of 4 or 7, you win P400 If you roll a sum of 10, you win P200. However, you lose P300 for anything else. If you continue to play the game, how much do you expect to win or lose in the game?
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
Suppose that you and a friend are playing cards and decide to make a bet. If you draw two clubs in succession from a standard deck of 52 cards without replacing the first card, you win $⁢40. Otherwise, you pay your friend $⁢10. If the same bet was made 25 times, how much would you expect to win or lose? Round your answer to the nearest cent, if necessary. Win: Lose:
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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