Mathematics, 02.06.2020 22:59 monyeemonyee12
When playing roulette at the Venetian casino in Las Vegas, a gambler is trying to decide whether to bet $5 on the number 27 or to bet $5 that the outcome is any one of these five possibilities: 0, 00, 1, 2, 3. From Example 6, we know that the expected value of the $5 bet for a single number is -26. For the $5 bet that the outcome is 0, 00, 1, 2, or 3, there is a probability of 5>38 of making a net profit of $30 and a 33>38 probability of losing $5.
a. Find the expected value for the $5 bet that the outcome is 00, 0, or 1.
b. Which bet is better: a $5 bet on the number 25 or a $5 bet hat the outcome is any one of the numbers 00, 0, or 1? Why?
Answers: 2
Mathematics, 21.06.2019 18:30
The monetary value earned for selling goods or services to customers is called a.) revenue b.) assets c.) money d.) accounting
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Mathematics, 22.06.2019 04:30
Whats the area of a square is 16 cm square. the square is the base of a cube. what is the surface area of the a. 16cm2 b. 32cm2 c. 64cm2 d. 96cm2
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Mathematics, 22.06.2019 06:00
The soccer team at your school wants to spray paint a design on the middle of the playing field. the design will include this soccer ball. you have been asked to enlarge the drawing of this ball to use for the painting on the field. explain how to accurately enlarge or reduce the size of objects such as the soccer ball.
Answers: 1
When playing roulette at the Venetian casino in Las Vegas, a gambler is trying to decide whether to...
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