Chuck-a-Luck Consider Example 6 with six players, where each plays a different number. Determine the house’s expected winnings. First, insert the three missing values into the following table: Outcome House’s Winnings Probability 3 different numbers appear 0 – 2 different numbers appear – 5 12 Same number on all three dice 2 –
Chuck-a-Luck Consider Example 6 with six players, where each plays a different number. Determine the house’s expected winnings. First, insert the three missing values into the following table: Outcome House’s Winnings Probability 3 different numbers appear 0 – 2 different numbers appear – 5 12 Same number on all three dice 2 –
Solution Summary: The author calculates the house's expected winnings or losses if six players bet 1 on different numbers from 1 to 6, then the three dice are rolled.
Chuck-a-Luck Consider Example 6 with six players, where each plays a different number. Determine the house’s expected winnings. First, insert the three missing values into the following table:
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Discrete Distributions: Binomial, Poisson and Hypergeometric | Statistics for Data Science; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=lHhyy4JMigg;License: Standard Youtube License