Question

Marti decides to keep placing a $1 bet on number 15 in consecutive spins of a...

Marti decides to keep placing a $1 bet on number 15 in consecutive spins of a roulette wheel until she wins. On any spin, there’s a 1-in-38 chance that the ball will land in the 15 slot. Let Y = the number of spins it takes for Marti to win. (a) Calculate and interpret the mean of Y. (b) Calculate and interpret the standard deviation of Y

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The game of roulette involves spinning a wheel with 38 slots: 18 red, 18 black, and...
The game of roulette involves spinning a wheel with 38 slots: 18 red, 18 black, and 2 green. A ball is spun onto the wheel and will eventually land in a slot, where each slot has an equal chance of capturing the ball. One popular bet is that it will stop on a red slot; such a bet has an 18/38 chance of winning. Suppose a gambler bets on red in 6 different spins. a) Find the probability the gambler...
A roulette wheel has 38 slots, numbered 1-36, 0 and 00. This means there are 18...
A roulette wheel has 38 slots, numbered 1-36, 0 and 00. This means there are 18 even numbered slots, 18 odd numbered slots and two slots that are neither even nor odd. A ball is released into the wheel as it spins and is equally likely to land in any one of the slots. Find the amount each of the following gamblers is expected to win as well as the standard deviation. (a) A gambler places a $100 bet on...
You go to the casino and play roulette. You decide to place bets that the ball...
You go to the casino and play roulette. You decide to place bets that the ball will land on the number 18. On a roulette wheel there are the numbers 1-36 and 00. Thus, the likelihood that you win any one spin is 1 in 38. You decide to play 20 times, thus you are in binomial land and the potential ersults of your gambling will be drawn from a binomial distribution B(20,1/38). What is the probability that you win:...
A roulette wheel has 38 numbers. Eighteen of the numbers are black, eighteen are red, and...
A roulette wheel has 38 numbers. Eighteen of the numbers are black, eighteen are red, and two are green. When the wheel is spun, the ball is equally likely to land on any of the 38 numbers. Each spin of the wheel is independent of all other spins of the wheel. One roulette bet is a bet on black—that the ball will stop on one of the black numbers. The payoff for winning a bet on black is $2 for...
In the game of​ roulette, a player can place a ​$9 bet on the number 29...
In the game of​ roulette, a player can place a ​$9 bet on the number 29 and have a 1 Over 38 probability of winning. If the metal ball lands on 29​, the player gets to keep the ​$9 paid to play the game and the player is awarded an additional ​$315. ​Otherwise, the player is awarded nothing and the casino takes the​ player's ​$9. Find the expected value​ E(x) to the player for one play of the game. If...
In the game of​ roulette, a player can place a ​$10 bet on the number 18...
In the game of​ roulette, a player can place a ​$10 bet on the number 18 and have a 1/38 probability of winning. If the metal ball lands on 18​, the player gets to keep the ​$10 paid to play the game and the player is awarded an additional ​$350 ​Otherwise, the player is awarded nothing and the casino takes the​ player's $10. Find the expected value​ E(x) to the player for one play of the game. If x is...
1.Average waiting time between 2 consecutive clients at coffee shop is 12 min. Given you already...
1.Average waiting time between 2 consecutive clients at coffee shop is 12 min. Given you already waited 3 min, what is the probability that you will wait more than 9 minutes from now until your turn comes? A e^-1 B e^1 C e^-3/4 2. Accidents occur at an average of 4 per week. What's the probability that more than 1 accident will occur during a given week? A.1-4e^-5 B.1-5e^-4 C. 5e^-4 3.In above setup: what's the probability that we'll have...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT