Mathematics, 23.05.2020 06:00 kiki197701

When playing roulette at a casino, a gambler is trying to decide whether to bet $1010 on the number 1313 or to bet $1010 that the outcome is any one of the threethree possibilities 00 comma 0 comma or 100, 0, or 1. The gambler knows that the expected value of the $1010 bet for a single number is negative $ 1.06−$1.06. For the $1010 bet that the outcome is 00 comma 0 comma or 100, 0, or 1, there is a probability of StartFraction 3 Over 38 EndFraction
3
38 of making a net profit of $4040 and a StartFraction 35 Over 38 EndFraction
35
38 probability of losing $1010.
a. Find the expected value for the $1010 bet that the outcome is 00 comma 0 comma or 100, 0, or 1.
b. Which bet is better: a $1010 bet on the number 1313 or a $1010 bet that the outcome is any one of the numbers 00 comma 0 comma or 100, 0, or 1? Why?

Answers: 3

Show answers

Another question on Mathematics

Mathematics, 21.06.2019 18:30

Nick has box brads. he uses 4 brads for the first project. nick let’s b represent the original number of brads and finds that for the second project, the number of brads he uses is 8 more than half the difference of b and 4. write an expression to represent the number of brads he uses for the second project.

Answers: 3

Answer

Mathematics, 21.06.2019 20:50

Find the equation of a line that is perpendicular to line g that contains (p, q). coordinate plane with line g that passes through the points negative 3 comma 6 and 0 comma 5 3x − y = 3p − q 3x + y = q − 3p x − y = p − q x + y = q − p

Answers: 1

Answer

Mathematics, 21.06.2019 23:20

6cm10 cma conical paper cup has dimensions as shown in the diagram. how much water can the cup hold when full?

Answers: 1

Answer

Mathematics, 22.06.2019 00:00

The amount of data left on the cell phone six gb for 81.5 gb of data is used how much data is available at the beginning of the cycle

Answers: 2

Answer

You know the right answer?

When playing roulette at a casino, a gambler is trying to decide whether to bet $1010 on the number...