subject
Mathematics, 16.04.2020 20:57 cassiegagnier73

When playing roulette at a casino, a gambler is trying to decide whether to bet $5 on the number 33 or to bet $5 that the outcome is any one of the three possibilities 00 comma 0 comma or 1. The gambler knows that the expected value of the $5 bet for a single number is negative 0.53 cents. For the $5 bet that the outcome is 00 comma 0 comma or 1, there is a probability of StartFraction 3 Over 38 EndFraction of making a net profit of $20 and a StartFraction 35 Over 38 EndFraction probability of losing $5. a. Find the expected value for the $5 bet that the outcome is 00 comma 0 comma or 1. b. Which bet is better: a $5 bet on the number 33 or a $5 bet that the outcome is any one of the numbers 00 comma 0 comma or 1? Why?

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 13:20
Given f(x) = 10x + 4 and g(x) = 3x - 8, what is f(x) + g(x) ? - 7x - 4 - 13x + 4 - 7x + 4 - 13x - 4
Answers: 2
question
Mathematics, 21.06.2019 15:00
Which statement best describes the polynomial
Answers: 1
question
Mathematics, 21.06.2019 17:30
What is the 12th term of b(n)=-4-2(n-1)
Answers: 1
question
Mathematics, 21.06.2019 18:30
Jamie went to home depot.she bought 25 bags of soil that cost $9 per bag.she bought 15 pots at $8 each,and she bought 23 bags of pebbles at $15 each.she used a coupon that gave her $5 off for every 100 dollars she spent.how much did jame pay at the end?
Answers: 1
You know the right answer?
When playing roulette at a casino, a gambler is trying to decide whether to bet $5 on the number 33...
Questions
question
Mathematics, 01.04.2020 15:52
Questions on the website: 13722360