7. Jerry paid $2 for a bet on a horse. If his horse wins the race, Jerry will win $100. Find the expected value of Jerry’s bet if the odds that the horse will win are 3 to 12.

Q: i) What is the probability of choosing a card that is not a red cards? ii) What is the probability…

A:

Q: In rolling a pair of fair dice, what is the probability that a sum of 7 is rolled before a sum of 8…

A: Let A denotes the sum of 7 and Let B denotes the sum of 8

Q: A grab bag contains 12 packages worth $0.80, 15 packages worth $0.40 and 25 packages worth $0.30.…

A: A garb contains totally 52 packages in which 12 packages worth $0.80, 15 packages worth $0.40 and 25…

Q: Suppose you bet $8 on a horse at your favorite race track who's odds of winning are 3/8. A) what…

A: Part (A) Let A be the event represents the winning of horse. Given that, odds of winning the race is…

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: Suppose that you and a friend are playing cards and decide to make a bet. If your friend draws three…

A: Given information- We have given a standard deck of 52 cards. My friend draws three hearts in…

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: (b) What is the probability of getting exactly two heads? (c) What is the probability of getting no…

A:

Q: 4) Suppose that 1 out of 50 cards in a scratch-and-win promotion gives a prize. a) What is the…

A: Given, Suppose that 1 out of 50 cards in a scratch-and-win promotion gives a prize. This follows…

Q: Suppose that a player draws a card at random from a pack of cards, and wins $15 if an ace, king,…

A: Probability quantifies the chances of happening an event. The probability values always lie in the…

Q: ou are to draw one card from a deck. If it is an ace, you win $10; if it is a face card, youwin $1;…

A: You are to draw a card from a deck of 52 cards. If it is an ace, you win $10 If it is a face card,…

Q: What is the expected value of the game to the​ player? If you played the game 1000​ times, how much…

A: The probability of winning is 138 and probability of losing is 3738=1-138. When a player wins game…

Q: a. If the lot contains one defective LCD, what is the probability that you will accept the lot? b.…

A: Suppose you are purchasing small lots of LCDs for computer terminals. Since it is very costly to…

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: Suppose that you and a friend are playing cards and decide to make a bet. If you draw two non-face…

A: Given information: The number of cards in a deck is 52. The set of 52 cards are divided into 4…

Q: 9. The forecast for Monday shows an 80% chance of rain. What is the probability that it will not…

A: Probability

Q: A game has an expected value to you of ​$400. It costs ​$200 to​ play, but if you win you receive​…

A: Given: EX=400Amount won=99,800Amount lost=200 Let p denotes the probability of wining and (1-p)…

Q: 4: If you toss a coin twice, what is the probability of getting the picture twice, then the number…

A: Two coined tossed, Then possible outcome=22=4

Q: A pair of dice is rolled. a.  What is the probability that a number is both even and less than 8?…

A: The total possible outcome rolling a pair of dice = 36 The possible outcome that a number is both…

Q: 1. If you pay $7 to play this game, what is the expected amount of money you would gain after…

A: Given data and calculation for expected winning amount: 1) Expected amount is given by, EX=∑xPx=3.7…

Q: Caleb has a four-sided die, a six-sided die, and a 12-sided die. He rolls the three dice and adds up…

A: Given data: The number of the four-sided dies is a=1. The number of the six-sided dies is b=1. The…

Q: 10. What is the probability that Frankie can get the Bonus Shield that he needs?

A: Here We will use Tree diagram as shown into second step

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: the sales manager knows that 36% of his clients do not pay their debts in full. He supposes that he…

A:

Q: If the odds in favor of Chris winning the election are 6:5, then what is the probability that a)…

A: Since odd in favour = (number of favourable outcomes)/(number of unfavorable outcomes)

Q: Suppose the odds of rain today are 5:9 What would be the probability that it will rain today? 5/9…

A:

Q: a) What is the probability he gets at least eight bull's eyes if he shoots 10 times? b) If he shoots…

A: As per Bartleby guideline if more than three subparts are asked, only first three to be answered…

Q: 4. What is the probability that none of the first four customers gets over a 20% discount? 5. What…

A: Given Information: Discount Probability 10% off 0.50 15% off 0.25 20% off 0.15 30% off…

Q: 8. Suppose you flip a coin. A. What is the probability that the coin will come up heads? B. What…

A: 8. When a coin is flipped the two possible outcomes are 'heads, tails'. A. The probability that coin…

Q: In a game you have a 1/99 probability of winning $500 and a 98/99 probability of losing $30. What is…

A: Formula to find expected value is as follows : E(X) = ∑xP(x)

Q: A card is drawn from a standard 52-card deck. If the card is a diamond, you win $10. If not, you…

A:

Q: A game has an expected value to you of ​$400. It costs ​$400 to​ play, but if you win you receive​…

A: Given Information :  A game has an expected value to you of ​$400. It costs ​$400 to​ play, but if…

Q: A card is drawn from a standard​ 52-card deck. If the card is a​ king, you win ​$20​; ​otherwise,…

A: Deck consists of 52 cards in which 4 cards are King. P(King)=4/52 =1/13 Then probability of not…

Q: What is the expected value of your bet

A: here given, you and a friend are playing cards and decide to make a bet. If you draw two clubs in…

Q: Suppose that you and a friend are playing cards and decide to make a bet. If you draw three fives in…

A: GivenIf you draw three fives in succession from a standard deck of 52 cards with replacement, you…

Q: A game is played using a standard 52-card deck. The player pays $3.00 to play and gets to pick one…

A:

Q: In a proposed business venture, a company estimates that there is a 60% chance the company will make…

A: Introduction: Hey there! Thank you for the question. As you have posted multiple questions,…

Q: a) What percentage of the sardines is shorter than 4 inches? b) The middle 70% of the distribution…

A:

Q: How do we determine the probabilities of having multiple independent events resulting in two or more…

A: Independent Events:The events A and B are said to be independent, if the result of one of the events…

Q: In basketball, you can earn 3 points for a shot and 1 point for a free throw. If Sam's probability…

A: Given that the probability of getting a 3-point shot is 4/10. The probability of getting a 1-point…

Q: In the game of roulette, a player can place a $4 bet on the number 7 and have a 38 probability of…

A: We have to find out answer of given question....

Q: Suppose that the odds in favor of winning a best of 7 basketball championship title are 1:24. a)…

A: Solution

Q: A carnival game consist of a player paying a dollar to guess the result of a fair 6 sided die if the…

A: Given A carnival game consist of a player paying a dollar to guess the result of a fair 6 sided die…

Q: If the expected value for a five dollar raffle ticket is $0.85, then there is a 85% chance that the…

A: here expected vaue is 0.85$ which means player expect to win 0.85$V on each game played on a long…

Q: The probability of an event is 27%. What are the odds of that event?

A:

Q: 1. What is the probability of getting a head when tossing a coin?

A: Let H denote the Head and T denote the Tail. Note : Since you have asked multiple questions, we will…

Q: At a game of chance, the expected value is found to be -$1.50, and the cost to play the game is…

A: Given: Expected value = $-1.50 cost  to play game= $4.00 To find the Fair Price  to play the game.

Q: 2 8. The probability that an event E occurs is =. What are the odds that E will NOT occur? 5

A: Odds that E will not occur means, odds against E. We will use the odds against property of…

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.