Pearson eText for Essentials of Statistics -- Instant Access (Pearson+)
6th Edition
ISBN: 9780137517374
Author: Mario Triola
Publisher: PEARSON+
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Textbook Question
Chapter 4.1, Problem 42BB
Finding Odds in Roulette A roulette wheel has 38 slots. One slot is 0, another is 00, and the others are numbered 1 through 36, respectively. You place a bet that the outcome is an odd number.
a. What is your
b. What are the actual odds against winning?
c. When you bet that the outcome is an odd number, the payoff odds are 1:1. How much profit do you make if you bet $18 and win?
d. How much profit would you make on the $18 bet if you could somehow convince the casino to change its payoff odds so that they are the same as the actual odds against winning? (Recommendation: Don’t actually try to convince any casino of this; their sense of humor is remarkably absent when it comes to things of this sort.)
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Chapter 4 Solutions
Pearson eText for Essentials of Statistics -- Instant Access (Pearson+)
Ch. 4.1 - New Jersey Lottery Let A denote the event of...Ch. 4.1 - Probability Rewrite the following statement so...Ch. 4.1 - Interpreting Weather While this exercise was being...Ch. 4.1 - Subjective Probability Estimate the probability...Ch. 4.1 - Identifying Probability Values Which of the...Ch. 4.1 - Penicillin Who discovered penicillin: Sean Penn,...Ch. 4.1 - Avogadro Constant If you are asked on a quiz to...Ch. 4.1 - Births Example 2 in this section includes the...Ch. 4.1 - In Exercises 9-12, assume that 50 births are...Ch. 4.1 - In Exercises 9-12, assume that 50 births are...
Ch. 4.1 - In Exercises 9-12, assume that 50 births are...Ch. 4.1 - In Exercises 9-12, assume that 50 births are...Ch. 4.1 - In Exercises 13-20, express the indicated degree...Ch. 4.1 - SAT Test When making a random guess for an answer...Ch. 4.1 - In Exercises 13-20, express the indicated degree...Ch. 4.1 - In Exercises 13-20, express the indicated degree...Ch. 4.1 - Randomness When using a computer to randomly...Ch. 4.1 - In Exercises 13-20, express the indicated degree...Ch. 4.1 - In Exercises 13-20, express the indicated degree...Ch. 4.1 - In Exercises 13-20, express the indicated degree...Ch. 4.1 - In Exercises 21-24, refer to the sample data in...Ch. 4.1 - In Exercises 21-24, refer to the sample data in...Ch. 4.1 - In Exercises 21-24, refer to the sample data in...Ch. 4.1 - In Exercises 21-24, refer to the sample data in...Ch. 4.1 - In Exercises 25-32, find the probability and...Ch. 4.1 - In Exercises 25-32, find the probability and...Ch. 4.1 - In Exercises 25-32, find the probability and...Ch. 4.1 - In Exercises 25-32, find the probability and...Ch. 4.1 - In Exercises 25-32, find the probability and...Ch. 4.1 - In Exercises 25-32, find the probability and...Ch. 4.1 - In Exercises 25-32, find the probability and...Ch. 4.1 - In Exercises 25-32, find the probability and...Ch. 4.1 - Probability from a Sample Space. 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In Exercises 5-8, find the...Ch. 4.2 - Finding Complements. In Exercises 5-8, find the...Ch. 4.2 - Finding Complements. In Exercises 5-8, find the...Ch. 4.2 - In Exercises 9-20, use the data in the following...Ch. 4.2 - In Exercises 9-20, use the data in the following...Ch. 4.2 - In Exercises 9-20, use the data in the following...Ch. 4.2 - In Exercises 9-20, use the data in the following...Ch. 4.2 - In Exercises 9-20; use the data in the following...Ch. 4.2 - In Exercises 9-20, use the data in the following...Ch. 4.2 - In Exercises 9-20, use the data in the following...Ch. 4.2 - In Exercises 9-20, use the data in the following...Ch. 4.2 - In Exercises 9-20, use the data in the following...Ch. 4.2 - In Exercises 9-20, use the data in the following...Ch. 4.2 - In Exercises 9-20, use the data in the following...Ch. 4.2 - In Exercises 9-20, use the data in the following...Ch. 4.2 - In Exercises 21-24, use these results from the...Ch. 4.2 - In Exercises 21-24, use these results from the...Ch. 4.2 - In Exercises 21-24, use these results from the...Ch. 4.2 - In Exercises 21-24, use these results from the...Ch. 4.2 - Redundancy. 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In Exercises 13-16, use the...Ch. 4.3 - In Exercises 17-20, refer to the accompanying...Ch. 4.3 - In Exercises 17-20, refer to the accompanying...Ch. 4.3 - In Exercises 17-20, refer to the accompanying...Ch. 4.3 - In Exercises 17-20, refer to the accompanying...Ch. 4.3 - Redundancy in Computer Hard Drives Assume that...Ch. 4.3 - Redundancy in Stadium Generators Large stadiums...Ch. 4.3 - Composite Drug Test Based on the data in Table 4-1...Ch. 4.3 - Composite Water Samples The Fairfield County...Ch. 4.3 - Shared Birthdays Find the probability that of 25...Ch. 4.4 - Notation What does the symbol ! represent? 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