Question

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 game once (and it costs you nothing to play), what is the expected amount of money you will win?

dollars.

Answer #1

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 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...

You create a game that involves flipping a coin and rolling a
six-sided die. When a player takes their turn they first flip the
coin to determine if they are going to deal or receive damage. The
person then rolls the die to determine the amount of damage dealt.
For this game, explain the difference between an event versus a
simple event. What does that have to do with sample space
Give the sample space for the game. Use H...

Jack and Jill keep rolling a six-sided and a three-sided die,
respectively. The first player to get the face
having just one dot wins, except that if they both get a 1, it’s
a tie, and play continues. Let N denote
the number of turns needed. Find:
a. P(N=1), P(N=2).
b. P(the first turn resulted in a tie|N = 2).
c. P(Jack wins).

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...

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

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...

PROBLEM #2
Suppose you play a game in which a fair 6 sided die is rolled
once. If the outcome of the roll (the number of dots on the side
facing upward) is less than or equal to 4, you are paid as many
dollars as the number you have rolled. Otherwise, you lose as many
dollars as the number you have rolled.
Let X be the profit from the game (or the amount of money won or
lost per...

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?

Whenever a standard six-sided die is rolled, one of the
following six possible outcomes will occur by chance: , , , , , and
.
These random outcomes are represented by the population data
values: 1, 2, 3, 4, 5, and 6.
At the beginning of Week 4, take a random sample of size n = 9
from this population by actually rolling a standard six-sided die 9
separate times and recording your results. If you do not have
access...

ADVERTISEMENT

Get Answers For Free

Most questions answered within 1 hours.

ADVERTISEMENT

asked 32 minutes ago

asked 38 minutes ago

asked 41 minutes ago

asked 56 minutes ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 2 hours ago

asked 2 hours ago

asked 2 hours ago

asked 2 hours ago

asked 3 hours ago