Saturday
April 19, 2014

Homework Help: MATH FOR LIBERAL ARTS

Posted by CARMEN on Monday, June 21, 2010 at 8:23pm.

Determine a casino's expected net income from a 24-hour period at a single roulette table if the casino's total overhead for the table is $50 per hour and if customers place a total of $7,000 on single-number bets, $4,000 on two-number bets, $4,000 on four-number bets, $3,000 on six-number bets, $7,000 on low-number bets, and $8,000 on red-number bets. (Assume the expected value of each of these $1 bets in roulette is -$0.053.)

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Mathematics for Liberal Arts - Determine a casino's expected net income from a ...
Statistics - A popular casino in Windsor estimates that the chance that someone ...
statistics - Suppose that in one week at a certain casino there are 25,000 ...
Mathematics for Liberal Arts - Casinos make their money by skimming off the ...
accounting - Plumley Ad Agency contracted with a company to prepare an ad ...
College Accounting 211 - A Corporation uses a predetermined overhead rate of $23...
Pre-calc - a driver averaged 50 miles per hour on the round trip between akron, ...
Pre-Calc - a driver averaged 50 miles per hour on the round trip between akron, ...
Statistics - How does the law of large numbers affect you as a gambler in a ...
probability - 1. A large video rental chain recently decided to change its ...

Search
Members