Craps: In the game of craps, a pair of dice are rolled, and people bet on the outcome. For example, you can bet $1 that the sum of the dice will be 2 (also1called "Snake Eyes"). The probability that you win is and if you win, your profit is $30. If you lose, you lose $1.36Part: 0 / 2Part 1 of 2(a) What is the expected value of your profit? Round the answer to two decimal places.The expected value of profit isdollars.

Given data In the game of craps a pair of dice are rolled and people bet on out comeThe probability…

Answered: Craps: In the game of craps, a pair of…

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter11: Data Analysis And Probability

Section11.9: Independent And Dependent Events

Problem 14E

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Similar questions

Lottery In a 6/49 lottery game, a player pays $1 and selects six numbers from 1 to 49. Any player Who has chosen the six winning numbers Wins $1000000. Assuming that this is the only way to Win. What is the expected value of this game?
Quality Control To control the quality of their product, the Bright-Light Company inspects three light bulbs out of each batch of ten bulbs manufactured. If a defective bulb is found, the batch is discarded. Suppose a batch contains two defective bulbs. What is the probability that the batch will be discarded?
Dividing a JackpotA game between two players consists of tossing a coin. Player A gets a point if the coin shows heads, and player B gets a point if it shows tails. The first player to get six points wins an 8,000 jackpot. As it happens, the police raid the place when player A has five points and B has three points. After everyone has calmed down, how should the jackpot be divided between the two players? In other words, what is the probability of A winning and that of B winning if the game were to continue? The French Mathematician Pascal and Fermat corresponded about this problem, and both came to the same correct calculations though by very different reasonings. Their friend Roberval disagreed with both of them. He argued that player A has probability 34 of winning, because the game can end in the four ways H, TH, TTH, TTT and in three of these, A wins. Robervals reasoning was wrong. a Continue the game from the point at which it was interrupted, using either a coin or a modeling program. Perform the experiment 80 or more times, and estimate the probability that player A wins. bCalculate the probability that player A wins. Compare with your estimate from part a.
Quality Control To control the quality of their product, the Bright-Light Company inspects three light bulbs out of each batch of ten bulbs manufactured. If a defective bulb is found, the batch is discarded. Suppose a batch contain two defective bulbs. What is the probability that the batch will be discarded?
Flexible Work Hours In a recent survey, people were asked whether they would prefer to work flexible hours----even when it meant slower career advancement----so they could spend more time with their families. The figure shows the results of the survey. What is the probability that three people chosen at random would prefer flexible work hours?

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