Question

In a particular carnival game you pay $10 to play and select two
cards. If both cards are face

cards you win $200. If the probability of selecting two face cards
is .0498 what is

the expected value of the game to the player?

If the game is played 1000 times how much would you expect to
win/lose?

Answer #1

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There is a game at the local carnival where you pay $1 for a
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you don’t win anything. Find the expected value to you for this
game. Explain why it is or is not a good idea to play this
game.

A game of chance involves a regular deck of 52 cards. The game
costs $3 to play. If you draw an ace you win $20. If you draw a
face card you win $5. If you draw a 10 you win $3 and if you draw
any other card you lose. Calculate the expected winnings for the
player, calculate the expected profits for the game owner. Is this
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and the player is awarded an additional $210. Otherwise, the
player is awarded nothing and the casino takes the player's $6.
What is the expected value of the game to the player? If you
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In the game of roulette, a player can place a $4 bet on the
number 24 and have a StartFraction 1 Over 38 EndFraction
probability of winning. If the metal ball lands on 24, the player
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awarded an additional $140. Otherwise, the player is awarded
nothing and the casino takes the player's $4. What is the
expected value of the game to the player? If...

n the game of roulette, a player can place a $1010 bet on the
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Make a probability distribution function table for the game
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occurs, and P(x) is the probability that event x occurs. The
expected payoff (i.e., the amount you would win/lose on average per
play after playing the game many times) is E. Find E for the game
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Below is the discrete probability distribution for this raffle.
Prize
P(x)
Grand
1/200
Second
2/200
Third
3/200
None
194/200
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b)Play this game twice, what is the probability that you can
win.
c) Play this game 100 times. Find the probability that you can
win.

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