![subject](/tpl/images/cats/mat.png)
Mathematics, 23.05.2020 06:00 kiki197701
When playing roulette at a casino, a gambler is trying to decide whether to bet $1010 on the number 1313 or to bet $1010 that the outcome is any one of the threethree possibilities 00 comma 0 comma or 100, 0, or 1. The gambler knows that the expected value of the $1010 bet for a single number is negative $ 1.06−$1.06. For the $1010 bet that the outcome is 00 comma 0 comma or 100, 0, or 1, there is a probability of StartFraction 3 Over 38 EndFraction
3
38 of making a net profit of $4040 and a StartFraction 35 Over 38 EndFraction
35
38 probability of losing $1010.
a. Find the expected value for the $1010 bet that the outcome is 00 comma 0 comma or 100, 0, or 1.
b. Which bet is better: a $1010 bet on the number 1313 or a $1010 bet that the outcome is any one of the numbers 00 comma 0 comma or 100, 0, or 1? Why?
![ansver](/tpl/images/cats/User.png)
Answers: 3
![](/tpl/images/ask_question.png)
![](/tpl/images/ask_question_mob.png)
Other questions on the subject: Mathematics
![image](/tpl/images/cats/mat.png)
Mathematics, 21.06.2019 21:10, sierravick123owr441
Given: lines a and b are parallel and line c is a transversal. prove: 2 is supplementary to 8 what is the missing reason in the proof? statement reason 1. a || b, is a transv 1. given 2. ∠6 ≅ ∠2 2. ? 3. m∠6 = m∠2 3. def. of congruent 4. ∠6 is supp. to ∠8 4. def. of linear pair 5. ∠2 is supp. to ∠8 5. congruent supplements theorem corresponding angles theorem alternate interior angles theorem vertical angles theorem alternate exterior angles theorem
Answers: 3
![image](/tpl/images/cats/mat.png)
Mathematics, 21.06.2019 22:30, foreignlove1039
If a flying disk is 139 meters in the air and travels at an average of 13 m/s how long is it in the air
Answers: 2
![image](/tpl/images/cats/mat.png)
Mathematics, 21.06.2019 23:30, zaymuney3063
Which term applies to agb and dge? a. obtuse b. supplementary c. complementary d. vertical
Answers: 1
![image](/tpl/images/cats/mat.png)
Mathematics, 22.06.2019 01:30, Jadaflournoy5
Pls math have no ideamultiply and simppify. 2x^2y^3z^2 • 4xy^4x^2
Answers: 2
You know the right answer?
When playing roulette at a casino, a gambler is trying to decide whether to bet $1010 on the number...
Questions in other subjects:
![Konu](/tpl/images/cats/mat.png)
Mathematics, 09.04.2021 22:10
![Konu](/tpl/images/cats/mat.png)
![Konu](/tpl/images/cats/mat.png)
Mathematics, 09.04.2021 22:10
![Konu](/tpl/images/cats/mat.png)
![Konu](/tpl/images/cats/obshestvoznanie.png)
Social Studies, 09.04.2021 22:10
![Konu](/tpl/images/cats/mat.png)
![Konu](/tpl/images/cats/biologiya.png)
![Konu](/tpl/images/cats/ap.png)
![Konu](/tpl/images/cats/en.png)
![Konu](/tpl/images/cats/mat.png)
Mathematics, 09.04.2021 22:10