If you draw a card with a value of four or less from a standard deck of cards, I will pay you $18. If not, you pay me $9. (Aces are considered the highest card int deck.) Step 1 of 2: Find the expected value of the proposition. Round your answer to two decimal places. Losses must be expressed as negative values. 囲Tables Answer

Q: A roulette wheel has 38 numbers: 18 are black, 18 are red, and 2 are green a. Suppose you bet $25…

A: It is given that there is a roulette when it has 38 number (n), where black (b) and red (r) are 18,…

Q: you flip a fair coin five times, and then you roll a pair of fair dice. If you get 4 or more heads…

A:

Q: The table below gives the prizes and probabilities for winning on a $5 lotto scratcher. Find the…

A: The probability of winning the different prize of lotto scratcher is, Prices Probability…

Q: Use the contingency table to the right to determine the probability of events.   a. What is the…

A: Hey there! Thank you for posting the question. Since your question has more than 3 parts, we are…

Q: If you draw a card with a value of ten or less from a standard deck of cards, I will pay you $⁢39.…

A: We have to find expected value.

Q: Given P(A) = 0.25, P(B) = 0.38, and P(A or B) = 0.63, are events A and B mutually exclusive?

A: Let A , B are two events The known probabilities are,

Q: A casino offers a game in which a player places a $3 bet on a 3 coming up on one roll of a six-sided…

A: Let X be the random variable denotes amount in dollars gained by the player in a game. If a 3 is…

Q: You have 4 quarters and 2 dimes in your pocket. You draw two out at random. What is the expected…

A: If we pick 2 coins then 3 cases can happen

Q: You pay $10 to play the following game of chance. There is a bag containing 12 balls, five are red,…

A: Given problem Given that   You pay $10 to play the following game of chance. There is a bag…

Q: If you draw a card with a value of four or less from a standard deck of cards, I will pay you $33.…

A: Consider that there 52 cards available in standard deck of cards. Thus, The probability of selecting…

Q: 9. What is the probability that Martin rolls a prime number or a 2?

A:

Q: If you draw a card with a value of four or less from a standard deck of cards, I will pay you $⁢134.…

A: Given information: A standard deck of cards is considered N = 52. If a card of value 4 or less is…

Q: A raffle offers a first prize of $1000, 2 second prizes of $300, and 20 third prizes of $10 each. If…

A: Given that first prize of $1000, 2 second prize of $300 and 20 third prizes of $10 each. There are…

Q: please show work to understand :)   Suppose I bet $10 on the four numbers 23, 24, 26, and 27 in…

A: Given Information: In a Roulette wheel game, there are 38 spaces out of which 18 spaces are red and…

Q: Use the diagram to find the probabilities below. (a)    P(A) (b)    P(E | A) (c)    P(A E)

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: at a raffle, 1500 tickets are sold at $2 each for four prizes of $500, $250, $150, and $75.  You buy…

A: Expected value:The expected value of a random variable is the sum of the possible values that the…

Q: The expected value when you purchase a lottery ticket is - $4.00 and the cost of the ticket is…

A: Given: Expected value of purchasing a lottery ticket = -$4.00 Cost of the ticket = $5

Q: Compound Probability Homework Given P(A) = 0.13, P(B) = 0.02, and P(A or B) = 0.15, are events A…

A: Given, PA=0.13, PB=0.02 and PA or B=0.15 To find whether A and B are mutually exclusive. By…

Q: 4) 16 to

A: As per given by the Venn diagram, Total number of outcome is 19. (A). PA or B. Given, A=5,B=10,…

Q: A poker hand consists of five cards randomly dealt from a standard deck of 52 cards. The order of…

A: Determine the probability that exactly 3 of these cards are Aces. The probability that exactly 3 of…

Q: Choose a card from a standard deck of 52 playing cards. If you choose a 2 through 10, you will get…

A: Given information:  Total number of cards = 52 Winning amount on choosing a Jack, Queen or King =…

Q: Deshaun has a deck of 10 cards numbered 1 through 10. He is playing a game of chance. This game is…

A: Given Favorable outcome =1 Total outcome=10 Loses $3.40

Q: Use the following statement to answer parts a) and b). Five hundred raffle tickets are sold for $3…

A: Total ticket = 500 Ticket price = $3 Prize money = $200 (a) Expected value = 499500×(-3)+1500×497…

Q: Perform the experiment, tally your results, and calculate the probability. Flip three coins…

A: Given: Three coins are flipped 100 times. As three coins are flipped, the sample space is: S=HHH,…

Q: Write your answer as a fraction reduced to lowest terms and as a percent rounded to the nearest…

A: When a coin is tossed then there are 2 possible outcomes.The probability of tossing a coin and it…

Q: 5. Calçulate the expected value of the game E = PAQ if %3D - %3D P [2 .8] %3D and Q = %3D

A:

Q: Miguel is playing a game at the Golf N' Stuff where he pays $2 to draw a single card. If the card is…

A:

Q: A player tosses two fair coins. He wins $ 5 if 2 heads occur, $ 2 if 1 head occurs and 1 if no head…

A:

Q: a lottery tcket has a grand prize of 45.2 million. the probability the grand prize is .000000044.…

A: Given, n = 45.2 million = 45200000 p=0.000000044

Q: 3. If you are simply guessing on a true/false test with 36 questions, what is the probability that…

A:

Q: A box contains 8 red and 3 yellow balls. Joe plays a game where he draws two balls at random. For…

A:

Q: An antique Roman coin is biased towards tails due to a heavy decoration stamped on the back. The…

A: We have to find probability of getting one head and one tail

Q: In the game of roulette, a player can place a $7 bet on the number 17 and have a an probability of…

A: We want expected value

Q: O Impossible O Likely O Unlikely O Certain

A: The sample space for two standard dice is given as:…

Q: For a class activity, your group has been assigned the task of generating a quiz question that…

A: Solution:We are given:

Q: Using your Binomial Probability Tables, find the following probability: The probability of 3 OR 4…

A: Given that the sample size is n=9 trials and the probability of success is p=0.75. Let us consider X…

Q: You play a game where you select one of three envelopes. You pay $2 to select once. One envelope has…

A: From the given information, Consider, X be the gain or winning amount. Pr( probability of selecting…

Q: a. Are the outcomes in S equally likely? ? b. Find P(7). That is, find the probability that the…

A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…

Q: Solve the problem that involves computing expected values in a game of chance. A game is played…

A:

Q: The expected value when you purchase a lottery ticket is - $2.00 and the cost of the ticket is…

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: One application of the "cover all the numbers" strategy would be to bet $1 on every single number in…

A: (a)  “cover all the numbers” strategy would be bet $1 on every single number in roulette. Approach:…

Q: Compound Probability Given P(A) = 0.72, P(B) = 0.81, and P(A or B) = 0.66, are events A and B…

A:

Q: In the game of roulette, one of the simplest bets is to wager on red. Here if you bet $1 and the…

A: The roulette contains totally 38 slots in which 18 are red color, 18 are black color and 2 are green…

Q: Q 5(c) Suppose you conduct a series of experiments, each of which consists of tossing a fair coin…

A: Define the Random Variable, X : Number of heads in 5 tosses So, X ~ Binomial(5,1/2) i. PMF of X,…

Q: In answering a question on a multiple-choice test, a student either knows the answer or guesses. Let…

A:

Q: Determine the fair price to play the game

A: The expected value is  $-1.50. The cost to play the game is $4.00.

Q: There are 12 slips of paper in a hat. I will let you reach in and grab one, without looking. An…

A: The expected value is the long run average value of a random variable and it indicates the weighted…

Q: You have 4 quarters and 2 dimes in your pocket. You draw two out at random. What is the expected…

A: If we pick 2 coins then 3 cases can happen: Cases Number of ways Probability(pi) Amount(xi) 1)…

Q: A construction company is planning to bid on a building contract. The bid costs the company $1100.…

A: The bid cost of the company $1100. The probability that the bid is accepted is 14. In case if a bid…

Q: Suppose a bookie will give you ​$6 for every ​$3 you risk if you pick the winners in three games of…

A: Given Probability of winning 3 games=0.125 Probability of loosing games=0.875

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.