subject
Mathematics, 19.03.2020 06:50 linnybear300

Suppose a casino invents a new game that you must pay $250 to play. The game works like this: The casino drawsrandom numbers between 0 and 1from a uniform distribution. It adds them together until their sum is greater than 1, at which time it stops drawing new numbers. You get a payout of $100 each time a new number is drawn. For example, suppose the casino draws 0.4 and then 0.7. Since the sum is greater than 1, it will stop after these two draws, and you receive $200. If instead it draws 0.2, 0.3, 0.3, and then 0.6, it will stop after the fourth draw and you will receive $400. Given the $250 entrance fee, should you play the game?

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 13:30
Abbey purchased a house using a fixed rate mortgage. the annual interest rate is 4.2% compounded monthly for 20 years. the mortgage amount is $235,000. what is the monthly payment on the mortgage? this isn't a multiple choice question have to show my work
Answers: 1
question
Mathematics, 21.06.2019 16:30
Arandom sample of 150 high school students were asked whether they have a job. the results are shown in the table. have a job do not have a job male 48 35 female 41 26 select a ord or phrase from the drop-down menus to correctly complete the statements describing the association.
Answers: 1
question
Mathematics, 21.06.2019 17:00
What term makes it inconsistent y=2x - 4
Answers: 3
question
Mathematics, 21.06.2019 17:00
If a baby uses 15 diapers in 2 days how many diapers will the baby use in a year
Answers: 2
You know the right answer?
Suppose a casino invents a new game that you must pay $250 to play. The game works like this: The ca...
Questions
question
Physics, 13.02.2021 04:00
Questions on the website: 13722359