Finite Math

posted by .

In a carnival game, the player selects two coins from a bag containing four silver dollars and twelve slugs.

(a) Write down the probability distribution for the winnings.

(b) Determine how much the player would have to pay so that he would break even, on the average, over many repetitions of the game.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. math-i have another question

    Player A and B invented a new game. The probability for Player A to win a round is 1/3 and the probability that Player B will win a round is 2/3. To make the game fair, Player A will score 3 points when he/she winds a round and Player …
  2. college microeconomics

    Suppose that two players are playing the following game. Player 1 can choose either top or bottom, and Player 2 can choose either left of right. The payoffs are given in the following table Player 2 Left Right top 9,4 2,3 Player 1 …
  3. maths probability

    In one version of the game Keno the house has a pot containing 80 balls numbered 1 through 80,.the house then selects 20 of the 80 numbers at random . The house randomly selects 20 numbers from the counting numbers 1-80 .In the variation …
  4. statistics/probability

    A game consists of tossing two coins, first a dime and then a nickel. For each coin which comes up a head you win the value of the coin. For each coin which comes up a tail you get nothing. {HH,HT,TH,TT} - each outcome with probability …
  5. Algebra 2

    Game Theory: Consider a game in which each of two people simultaneously chooses an integer: 1 or 2. Find the expected value for player A and the expected value for player B. Is each game fair. Question: If the numbers are the same, …
  6. math probability question

    If a player rolls 2 dice and gets a sum of 3 or 11 he collects $15. if he gets a sum of 12 he gets $3. the cost to play the game is $2. let x be the net money gained by the player. a. construct the prob distribution of the random variable …
  7. Math

    A game is played using one dice. If the dice is rolled and shows 1, the player wins $1; if it shows 2, the player wins $2; if it shows a 3, the player wins $3. If the die shows 4,5,or 6 the player wins nothing. a.) If there is a charge …
  8. math

    A game is defined by the rules that two dice are rolled and the  player wins varying amounts depending on the sum of the two dice rolled based  on the following table: Sum 2 3 4 5 6 7 8 9 10 11 12 Winnings …
  9. data management gr.12

    A game is defined by the rules that the die is rolled and the player wins varying amounts depending on the number on the upper face according to the following table: sum 1 2 3 4 5 6 Winnings $10 $9 $8 $7 $6 $5 The cost to play the …
  10. Math

    In the Doubles Game, students can win carnival tickets to spend on games and food. A player pays one ticket to roll two number cubes(six-sided dice). If the numbers match, the player wins five tickets. If a player plays this game 20 …

More Similar Questions