Connect Math Hosted By Aleks Access Card For Pathways To Math Literacy

2nd Edition

ISBN: 9781260189315

Author: Mercer, Brian A.; Sobecki, David

Publisher: MCGRAW-HILL HIGHER EDUCATION

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Textbook Question

Chapter 2, Problem 34LOR

Suppose you decide to set up a simple dice-rolling game at a carnival and you plan to pay $1 for a 1 or 2, $2 for a 3 or 4, and $3 for a 5 or 6. If each player pays you $2 for each roll, YOU would make $1 if the player rolled a 1 or 2, $0 if the player rolled a 3 or 4, and lose $1 if the player rolled a 5 or 6. Those outcomes have been completed in the table.

Outcome (X)	Probability P ( X )	Product X ⋅ P ( X )
$1
$2
–$1

Is this a fair game? Would it make sense for you to offer this game? Explain.

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Chapter 2, Problem 33LOR

Chapter 2, Problem 35LOR

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If a person rolls doubles when tossing two dice, the roller profits $ 65 , that is, the roller receives $ 65 more than the cost of the game. If the game is fair, how much should the person pay to play the game?

Suppose you decided to play a gambling game. In order to play the game there is a $1.50 dollar fee to play. If you roll a 1, 2, or 3 you win nothing (i.e., your net profit is $-1.5 dollars). If you roll a 4 or 5, you win $2.50 (i.e., your net profit is $1). If you roll a 6 you win $5.75 (i.e., your net profit is $4.25).a) Use the information described above to constuct a probability distribution table for the random variable xx which represents the net profit of your winnings. Note: Be sure to enter your probabilities as reduced fractions. xx P(x)P(x) (You roll a 1,2,or 3) (You roll a 1,2, or 3) (You roll a 4 or 5) (You roll a 4 or 5) (You roll a 6) (You roll a 6) b) Find the amount you would expect to win or lose each time you played the game. Round your final answer to two decimal places.μ=

Suppose you decided to play a gambling game. In order to play the game there is a $1.00 dollar fee to play. If you roll a 1, 2, or 3 you win nothing (i.e., your net profit is $-1.00). If you roll a 4 or 5, you win $2.50 (i.e., your net profit is $1.50). If you roll a 6 you win $4.00 (i.e., your net profit is $3.00).Use the information described above to construct a probability distribution table for the random variable xx which represents the net profit of your winnings. Note: Be sure to enter your probabilities as reduced fractions. Die Roll xx P(x)P(x) Roll a 1, 2, or 3 Roll a 4 or 5 Roll a 6 Find the amount you would expect to win or lose each time you played the game. Round your final answer to two decimal places.μ=

Chapter 2 Solutions

Connect Math Hosted By Aleks Access Card For Pathways To Math Literacy

Ch. 2.1 - Fill in each blank. a. 120isof500. b. 11isof20. c....Ch. 2.1 - Perform each calculation. Convert fractions to...Ch. 2.1 - Put this list in order from least to greatest....Ch. 2.1 - There are three different measures that well study...Ch. 2.1 - There are three different measures that well study...Ch. 2.1 - There are three different measures that well study...Ch. 2.1 - The spreadsheet summarizes the results for one...Ch. 2.1 - The spreadsheet summarizes the results for one...Ch. 2.1 - The spreadsheet summarizes the results for one...Ch. 2.1 - The spreadsheet summarizes the results for one...

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Solution Summary: The author explains that a fair game is set up in which the player has to roll the dice and if it’s 1 or 2 then the game owner will get 1.

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