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In a game you roll two fair dice. If the sum of the two numbers obtained is 3,4,9,10 or 11 you win $20. If the sum is 5,6,7 or 8 you pay $20. However if the scores on the dice are the same no one is required to pay. (a) Construct
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You play a game where you win $1.00 for each dot that turns up on a fair die (has 6 sides). You pay $3.50 to play the game (and the money is not returned). Find the expected (average) winnings for this game.
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You play a game where you win $1.00 for each dot that turns up on a fair die (has 6 sides). You pay $3.50 to play the game (and the money is not returned). Find the expected (average) winnings for this game.
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A carnival game consists of rolling a single fair die, with the following results: you win $8 for a 6, $7 for a 5, and lose $3 for any other number. Set a probability distribution, and calculate (already did) the Expected value =
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Roulette is a well known game in which a mechanical device randomly selects one of 38 equally likely numbers. IF a player decides to play by choosing a number, he gains $35 if his number is selected by the device. If any other
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The game of dots is played by rolling a fair dice and receiving $1 for each dot showing on the top face of the die. What cost should be set for each roll if the game is to be considered a fair game?
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Playing game of chance and pay 300 by rolling a fair die one time if you rome a 2 and receive $1300 if you roll a 4 or six you receive $900 if you ore a 3 5 or 9 receive nothing. find expected value for this game. based on value
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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
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