Question

Topic 4: Discuss how useful the homework and learning tools on the mymathlab site have been in understanding the new concepts in chapter 4. Is there any one topic, concept, or question which has been particularly difficult?

2) Topic 2: Suppose a roulette wheel has 32, slots. One slot is 0, another is 00, and the rest are labeled 1-30, respectively. You are placing a bet that the outcome is an even number. (0 and 00 are neither even nor odd). Answer all of the following: a) What is the probability of winning? b) What are the actual odds against winning? c) When you place a bet that the outcome is an even number, the payoff odds are 1:1. How much will you profit from a $20 bet? d) How much would you profit from a $20 bet if you could somehow convince the casino to change the payoff odds so that they are the same as the actual odds against winning? e) Explain how you came up with your answer to part d.

3) Topic 3: Suppose a jar of marbles has 17 blue marbles, 4 red marbles, and 8 green marbles. Answer all of the following: a) If one marble is selected, what is the probability of selecting a blue marble? b) If one marble is selected, what are the odds against selecting a blue marble? c) Explain in your own words the difference between the terms "probability" and "odds"

Answer 1