Question

The game of chance is rolling a single die if The number you bet on is...

The game of chance is rolling a single die if The number you bet on is rolled the player will earn double his or her money. if a player bets two dollars compute players expectation
Math   Statistics-And-Probability   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Player expectation is -$1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A game of chance involves rolling a standard, six-sided die. The amount of money the player...
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...
A game of chance involves rolling a 15-sided die once. If a number from 1 to...
A game of chance involves rolling a 15-sided die once. If a number from 1 to 3 comes up, you win 2 dollars. If the number 4 or 5 comes up, you win 8 dollars. If any other number comes up, you lose. If it costs 5 dollars to play, what is your expected net winnings?
A game involves rolling a fair six-sided die. If the number obtained on the die is...
A game involves rolling a fair six-sided die. If the number obtained on the die is a multiple of three, the player wins an amount equal to the number on the die times $20. If the number is not a multiple of three, the player gets nothing. How will you model the simulation for the roll of a die? A. Use the numbers 1–20 to represent the numbers rolled when a player wins. B. Use the numbers 1–6 to represent...
In the game of​ roulette, when a player gives the casino ​$16 for a bet on...
In the game of​ roulette, when a player gives the casino ​$16 for a bet on the number 26​, the player has a 37/38 probability of losing ​$16 and a 1/ 38 probability of making a net gain of ​$560. ​(The prize is ​$576​, but the​ player's ​$16 bet is not​ returned, so the net gain is ​$560​.) If a player bets ​$16 that the outcome is an odd​ number, the probability of losing ​$16 is 20/38 and the probability...
In a game of “Chuck a luck” a player bets on one of the numbers 1...
In a game of “Chuck a luck” a player bets on one of the numbers 1 to 6. Three dice are then rolled and if the number bet by the player appears i times (where i equals to 1, 2 or 3) the player then wins i units. On the other hand if the number bet by the player does not appear on any of the dice the player loses 1 unit. If x is the players’ winnings in the...
In the game of​ roulette, when a player gives the casino ​$7 for a bet on...
In the game of​ roulette, when a player gives the casino ​$7 for a bet on the number 20​, the player has a StartFraction 37 Over 38 EndFraction probability of losing ​$7 and a StartFraction 1 Over 38 EndFraction probability of making a net gain of ​$245. ​(The prize is ​$252​, but the​ player's ​$7 bet is not​ returned, so the net gain is ​$245​.) If a player bets ​$7 that the outcome is an odd​ number, the probability of...
a single die is rolled one time, what is the probability of rolling a number greater...
a single die is rolled one time, what is the probability of rolling a number greater than 1 and less than 4
In a game of “Chuck a luck” a player bets on one of the numbers 1...
In a game of “Chuck a luck” a player bets on one of the numbers 1 to 6. Three dice are then rolled and if the number bet by the player appears i times (where i equals to 1, 2 or 3) the player then wins i units. On the other hand if the number bet by the player does not appear on any of the dice the player loses 1 unit. If x is the players’ winnings in the...
Many casinos have a game called the Big Six Money Wheel, which has 54 slots in...
Many casinos have a game called the Big Six Money Wheel, which has 54 slots in which are displayed a Joker, the casino logo, and various dollar amounts, as shown in the table below. Denomination Number of slots $40 (Joker) 1 $40 (Casino logo) 1 $20 2 $10 4 $5 7 $2 15 $1 24 Players may bet on the Joker, the casino logo, or one or more dollar denominations. The wheel is spun, and if the wheel stops on...
One of the most popular games of chance is a dice game known as “craps”, played...
One of the most popular games of chance is a dice game known as “craps”, played in casinos around the world. Here are the rules of the game: A player rolls two six-sided die, which means he can roll a 1, 2, 3, 4, 5 or 6 on either die. After the dice come to rest they are added together and their sum determines the outcome. If the sum is 7 or 11 on the first roll, the player wins....
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT