A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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A​ $1 slot machine at a casino is set so that it returns​ 97% of all the money put into it in the form of​ winnings, with most of the winning in the form of huge but​ low-probability jackpots. What is your probability of winning when you put​ $1 into this slot​ machine?

A) The probability will be 0.97 because that is the probability of winning given in the problem statement.
B) It cannot be calculated from the given​ data, but it is certainly quite low. We would need to know the value of the jackpots to determine the correct probability.
C) The probability will be​ 0.97, which is​ 97% in decimal form.
D) It cannot be calculated from the given​ data, but it is certainly quite low. You would need to play the slot machine 1000 times to determine the correct probability.
E) The probability will be 0.03. If the machine wins​ 97% of the​ time, you only win​ 3% of the time.
F)The probability will be​ 0.03, which is​ 97% subtracted from​ 100%.
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