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Using the expected values obtained in the text and in the preceding odd-numbered exercises, determines a casino’s expected net income from a 24-hour period at a single roulette table if the casino’s total overhead for the table is $50 per hour and if customers place a total of
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Mathematics: A Practical Odyssey
- For the following exercises, two coins are tossed. 14. What is the sample space?arrow_forwardFor the following exercises, assume two die are rolled. 47. Construct a table showing the sample space.arrow_forwardFor the following exercises, assume two die are rolled. 53. What is the probability that a roll includes neither a 5 nor a 6?arrow_forward
- For the following exercises, assume two die are rolled. 48. What is the probability that a roll includes a 2?arrow_forwardFor the following exercises, assume two die are rolled. 52. What is the probability of rolling a 5 or a 6?arrow_forwardExpected Value These exercises involve expected value. Name Recall Mary will win $1,000,000 if she can name the 13 original stales in the order in which they ratified the U.S. Constitution. Mary has no knowledge of this order, so she makes a guess. What is her expectation?arrow_forward
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