What is the expected value if you use the theoretic probabilties for the Ace game.

Q: 3) What is the likelihood that you will get only one four with your roll of the two dice?

A: Obtain the likelihood of getting only one four in a roll of two dice.   The likelihood of getting…

Q: What is the probability of getting two tail if one dice is tossed?

A:

Q: What is the probability of drawing either an ace or a heart from a standard deck of cards? Are these…

A: We have to find the probability of drawing either an ace or a heart from a standard deck of cards..

Q: If you play this game, what is your expected net winning?

A: here given , The spinner has eight equal sectors. Each sector is a certain color (P = purple, R =…

Q: you draw a single card from a standard 52-card deck. Of it is an ace, you win $104. Otherwise you…

A: There are total 4 aces in a standard deck of cards.  So the probability of picking an ace is = 4/52=…

Q: Two major lottery games, Mega Millions and Powerball serve as de facto national lotteries. Which…

A: Note: As per guidelines we will only answer the first three subparts, please repost other subparts…

Q: the game of roulette, a player bets $5 on a number and has a 1/38 chance of winning. If he wins, he…

A:

Q: What are some tips and advice for approximating probabilities with the emperical method?

A: The empirical rule states that if a distribution is unimodal and symmetric i.e. more or less…

Q: What is the expected profit of this game?

A:

Q: If a gambling game is played with expected value $0.40, then there is a 40% chance of winning.…

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

Q: What can be done to decrease the probabilities of committing Type I and Type 2 errors?

A:

Q: Compute the expected value of a $25 bet on a four-number “square” in Roulette from the viewpoint of…

A: There are 4 numbers and one number is the winning number.  So, the probability of winning = 1/4…

Q: You are playing a game: When you toss a die and get a 1 or 2, you pay $4 If you get 3, 4, 5, or 6,…

A:

Q: If two balanced dice are rolled, what is the probability that the difference between the two numbers…

A:

Q: If we roll three six-sixed dice, what's the probability that all three show even numbers?

A:

Q: Suppose a bridge player’s hand of 13 cards. Given that it contains one ace, what is the probability…

A: Given that one ace is present then the number of ways of choosing one ace from 4 ace is 41. Then,…

Q: • Enumerate and differentiate the approaches in calculating probabilities.

A: We have to define the different approaches of calculating probabilities:

Q: Supposed a certain game is fair and costs $10 if you lose and has a net payoff of $9 if you win. The…

A:

Q: Supposed a certain game is fair and costs $7 if you lose and has a net payoff of $8 if you win. The…

A: Define the Random variable, X : Net gain. Note that for a fair game expected net gain is 0. So, E(X)…

Q: Find the conditional probability of the indicated event when two fair dice (one red and one green)…

A:

Q: Enumerate and differentiate the approaches in calculating probabilities.

A: Since the question number is not specified, we'll be answering the first question only. Please…

Q: A game has 49 green balls and 1 red ball in a bag, and you will randomly select one ball from the…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: On three rolls of a single​ die, you will lose ​$12 if a 6 turns up at least​ once, and you will win…

A: On three rolls of a single​ die, you will lose ​$12 if a 6 turns up at least​ once, and you will win…

Q: When two unbiased dice are thrown, find the expected value of the product of the numbers shown on…

A:

Q: What is the difference between indepedent events and dependent events probabilities? Give examples.

A: Introduction:Consider two events, A and B.Independent Events:The events A and B are said to be…

Q: In an unbiased six-sided dice, find the probability of the result being 6, if the probability of…

A: Given that, unbiased six-sided dice We have to find the probability of the result being 6, if the…

Q: What is the Probability of a Correct Decision in hypothesis?

A: While testing a hypothesis, we can make 2 types of error: Type 1 error Rejecting the null…

Q: because the expected value of the game (without considering the cost) is $ arest cent as needed.)

A:

Q: a) Two fair six-sided dice are thrown. What is the probability that the sum of both dice is at least…

A:

Q: A 4-sided fair die and a 12-sided fair die are rolled. What is the probability of showing a 3 on…

A:

Q: If the probability of winning a game of chance is 2/13, what is the odds against winning the game?

A: Given: Probability of winning a game of chance is, P(W)=213 The objective is to find the odds…

Q: What is the chance that, neither settles the dispute, if they both try independently? What is the…

A: Let us define some events X : manager X settles the dispute Y : manager Y settles the dispute. Based…

Q: What does it mean for two or more events to be mutually exclusive?

A: Mutually exclusive eventsTwo events are said to be mutually exclusive if they have no element in…

Q: What is the relationship between the joint probability and marginal probabilities of two independent…

A: The relationship between the joint probability and marginal probabilities of two independent events…

Q: What is the expected outcome in a fair game?

A: here use basic of expected value  expected value  = ∑xp(x)

Q: What is the probability of getting either a three or a four on at least one the two dice?

A: From the provided information, Total outcomes = 36

Q: If a gambling game is played with expected value $0.40, then there is a 40% chance of winning. true…

A: Let X be a random variable .Such that it takes only two value 1,0 . If X = 1 he wins X = 0 he loose.…

Q: If two balanced dice are rolled, what is the probability that the difference between the two numbers…

A:

Q: mat is your expected value if you play this game?

A: HERE WILL USE PROBABILITY TABLE FOR EXPECTATION.

Q: An experiment is rolling two fair dice. What is the probability that the sum is 6?

A: Given that an experiment is rolling two fair dice.

Q: If our goal was to play roulette so that we can "win it big". What does the expected value of a bet…

A: We all dream of winning big, becoming an instant millionaire; but how likely is that?

Q: if you roll two fair six-sided dice, what is the probability that both dice show an odd number?

A:

Q: If two events are complimentary what is the probability of P(A and B) ?

A:

Q: From a standard deck, what is the probability of picking either a jack or a spade?

A: Total number of card in a deck is 52. Number of spades in total cards is 13. Number of jacks in…

Q: It has been reported that about 35% of US adults attended a sports event during the previous year.…

A: The term odd and probability are almost similar concepts. But in probability, we divide the…

Q: Are the two events in each scenario mutually exclusive or not? Explain. a) Rolling a sum of 5 or a…

A:

Q: suppose it costs $14 to roll a pair of dice. You get paid two dollars times the sum of the numbers…

A: Given suppose it costs $14 to roll a pair of dice.

Q: What is the Expected value if there is a probability of .70 that you Win $14,000,and a probability…

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

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.