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Concept explainers
a. Find the expected value for the $5 bet that the outcome is 0, 00, 1, 2, or 3.
b. Which bet is better: a $5 bet on the number 27 or a $5 bet that the outcome is any one of the numbers 0, 00, 1, 2, or 3? Why?
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Chapter 5 Solutions
Essentials of Statistics Plus MyLab Statistics with Pearson eText -- Access Card Package (6th Edition) (What's New in Statistics)
- Roulette American roulette is a game in which a wheel turns on a spindle and is divided into 38 pockets. Thirty-six of the pockets are numbered 1-36, of which half are red and half are black. Two of the pockets are green and are numbered 0 and 00 (see figure). The dealer spins the wheel and a small ball in opposite directions. As the ball slows to a stop, it has an equal probability of landing in any of the numbered pockets. (a) Find the probability of landing in the number 00 pocket. (b) Find the probability of landing in a red pocket. (c) Find the probability of landing in a green pocket or a black pocket. (d) Find the probability of landing in the number 14 pocket on two consecutive spins. (e) Find the probability of landing in a red pocket on three consecutive spins.arrow_forwardYOUR TURN At a local college, 4/5 of the students live on campus. Of those who live on campus, 25 have cars on campus. Find the probability that a student lives on campus and has a car.arrow_forward
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