Question

A casino came up with a new game. The casino rolls a die and the player rolls a die. If the player beats the casino’s roll they win 10$. If the player tie’s the casino they win 4$. If the player roll’s less than the casino they win 0$. If the cost to play was 5$ what is the expected value?

Answer #1

. A player rolls a fair die and receives 2 dollars if they roll
a 2 and nothing if they don’t roll a two.
If the game costs $1.25 to play, how much should the player
expect to win or loss over the long run? (4 points)
Is this a fair game? Give a reason for your answer, (4
points)

a
casino offers a game wherein a player can roll one six sided due.
if the player rolls a 1 or 2, they win. if the player rolls a 3, 4,
5, or 6, they lose. if a player bets $2.00 and wins, they will be
paid out an additional $3.00. if they lose, they lose their initial
$2.00. Find the expected value of the $2.00 bet.
enter your answer rounded to the nearest cent and don't
forget, expected values...

In a Vegas Casino game, if a player rolls two dice and gets a
sum of 2 or 12, she wins $20. If a person gets a sum of 7, she wins
$5. The cost to play the game is $3. Find the expectation of the
game.

A game of chance involves rolling a standard, six-sided die. The
amount of money the player wins depends on the result of the die
roll:
* If the result is 1 or 2, the player wins
nothing;
* If the result is 3, 4, or 5, the player wins 8
dollars;
* If the result is 6, the player wins 42
dollars.
(Note: Your answer to the question below should be rounded to
three decimal places.)
If you play this...

On three rolls of a single die, you will lose
$14
if a
6
turns up at least once, and you will win
$6
otherwise. What is the expected value of the game?
Let X be the random variable for the amount won on a single play
of this game.
E(X)equals=____
dollars (Type an integer or a decimal rounded to the nearest
cent as needed.)

To play the 7-11 game at a gambling casino one must pay $1. if
one rolls a sum of 7 or a sum of 11 one wins $5, since one paid $1
to play the net gain is $4. for all other sums rolled the net gain
is -$1.
a. Play the game for 36 rolls of two dice. Record the sums you
rolled in the chart provided.
Sum: 2 3 4 5 6 7 8 9 10 11 12...

The game requires $5 to play, once the player is admitted, he
or she has the opportunity to take a chance with luck and pick from
the bag. If the player receives a M&M, the player loses. If the
player wins a Reese’s Pieces candy, the player wins. If the player
wins they may roll a dice for a second turn, if the die rolls on a
even number, they may pick from the bag once again with no extra...

At a casino, there is a game where you draw a card from a
standard deck of 52 cards. If you get a black card, you win
nothing. If you get a heart, you win $5. If you get a diamond, you
win $10. There is an additional $20 bonus for the King of
diamonds.
a) Create a PDF for a variable X, which represents the amount of
money you can win by playing this game.
b) What is the...

I can accept a ?$1200 bill or play a game ten times. For each
roll of the single? die, I win $600 for rolling 1 or? 2; I win $400
for rolling? 3; and I lose ?$200 for rolling? 4, 5, or 6. Based on
the expected? value, What is the expected value after ten
rolls?

A different game is also played with a 10-sided dice. The player
initially bets $1 to go in their pot of money. If the player rolls
a 5, their pot is multiplied by 5, and if they player doesn’t roll
a 5, their pot is multiplied by (1/5). A player plays 12 games.
Find the mean value of the pot at the end of 12 games
Find the most probable value of the pot at the end of 12
games....

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