EBK FINITE MATHEMATICS AND CALCULUS WIT
10th Edition
ISBN: 8220102020252
Author: RITCHEY
Publisher: PEARSON
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Textbook Question
Chapter 8.5, Problem 18E
Suppose one day Mary brings a 2-headed coin and uses it to toss for the coffee. Since Mary tosses, Donna calls.
- (a) Is this still a fair game?
- (b) What is Donna’s expected payback if she calls heads?
- (c) What is Donna’s expected pay back .if she calls tails?
EXAMPLE 5 Friendly Wager
Each clay Donna and Mary loss a coin lo see who buys coffee ($1.20 a cup). One tosses and the other calls the outcome. If the person who calls the outcome is correct. the other buys the coffee, otherwise the caller pays. Find Donna’s expected payback.
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Students have asked these similar questions
You play a game where you roll two dice. It was decided that you lose ₱500 if you get a sum of 3, 6, or 9, and you lose ₱400 if you get a sum of 10. However, you win ₱300 for anything else. If you continue to play the game, how much do you expect to win or lose in the game in the long run?
you are playing a game in which a single die is rolled. if a 2 or a 5 comes up, you win $24, otherwise you lose $3. what is the price that you should pay to play game that would make the game fair?
Introduction: Here's the game: there are two boxes with four balls each. To play, you put on a
blindfold and then pick one ball at random from each box.
There are two red, one blue and one green ball in the box on the left. There are two blue, one red
and one green ball in the box on the right.
Payouts:
• So if the balls are different colors,
• S0.50 if they are both red,
• Sl if they are both blue, and
• $16 if they are both green.
Question:
If the game costs $1 to play, would you expect to gain or lose money on average? And how
much?
In your solution, you must show:
• How you compute the probability that payout is $0.
• How you compute the probability that payout is $0.50.
• How you compute the probability that payout is S1.
• How you compute the probability that payout is $16.
Summarize the data into a probability table.
• Compute the expected value.
Remember to account for the $1 you pay to play the game.
• Your conclusion.
Chapter 8 Solutions
EBK FINITE MATHEMATICS AND CALCULUS WIT
Ch. 8.1 - A combination lock can be set to open to any...Ch. 8.1 - Prob. 2YTCh. 8.1 - Prob. 3YTCh. 8.1 - Prob. 4YTCh. 8.1 - Prob. 5YTCh. 8.1 - Prob. 6YTCh. 8.1 - Prob. 7YTCh. 8.1 - Prob. 1ECh. 8.1 - Prob. 2ECh. 8.1 - Prob. 3E
Ch. 8.1 - Prob. 4ECh. 8.1 - Prob. 5ECh. 8.1 - Prob. 6ECh. 8.1 - Prob. 7ECh. 8.1 - Prob. 8ECh. 8.1 - Prob. 9ECh. 8.1 - Prob. 10ECh. 8.1 - Prob. 11ECh. 8.1 - Prob. 12ECh. 8.1 - Prob. 13ECh. 8.1 - Prob. 14ECh. 8.1 - Prob. 15ECh. 8.1 - Prob. 16ECh. 8.1 - Prob. 17ECh. 8.1 - Prob. 18ECh. 8.1 - Prob. 19ECh. 8.1 - Prob. 20ECh. 8.1 - Find the number of distinguishable permutations of...Ch. 8.1 - Prob. 22ECh. 8.1 - Prob. 23ECh. 8.1 - Prob. 24ECh. 8.1 - Prob. 25ECh. 8.1 - Prob. 26ECh. 8.1 - Prob. 27ECh. 8.1 - Prob. 28ECh. 8.1 - Prob. 29ECh. 8.1 - Prob. 30ECh. 8.1 - Prob. 31ECh. 8.1 - InvestmentsKristen Elmores financial advisor has...Ch. 8.1 - SchedulingA local television station has eleven...Ch. 8.1 - Prob. 34ECh. 8.1 - Prob. 35ECh. 8.1 - Prob. 36ECh. 8.1 - Prob. 37ECh. 8.1 - Prob. 38ECh. 8.1 - Prob. 39ECh. 8.1 - Union ElectionsA chapter of union Local 715 has 35...Ch. 8.1 - Programming MusicA concert to raise money for an...Ch. 8.1 - Prob. 42ECh. 8.1 - Prob. 43ECh. 8.1 - Prob. 44ECh. 8.1 - Telephone Area CodesSeveral years ago, the United...Ch. 8.1 - Prob. 46ECh. 8.1 - Prob. 47ECh. 8.1 - Prob. 48ECh. 8.1 - Prob. 49ECh. 8.1 - Prob. 50ECh. 8.1 - Prob. 51ECh. 8.1 - Prob. 52ECh. 8.1 - Prob. 53ECh. 8.1 - Prob. 54ECh. 8.1 - Prob. 55ECh. 8.2 - Prob. 1YTCh. 8.2 - Prob. 2YTCh. 8.2 - Solve the problems in Example 4. EXAMPLE...Ch. 8.2 - Prob. 4YTCh. 8.2 - Prob. 5YTCh. 8.2 - Prob. 1WECh. 8.2 - Prob. 2WECh. 8.2 - Prob. 1ECh. 8.2 - Prob. 2ECh. 8.2 - Prob. 3ECh. 8.2 - Prob. 4ECh. 8.2 - Prob. 5ECh. 8.2 - Prob. 6ECh. 8.2 - Prob. 7ECh. 8.2 - Prob. 8ECh. 8.2 - Prob. 9ECh. 8.2 - Prob. 10ECh. 8.2 - Prob. 11ECh. 8.2 - Prob. 12ECh. 8.2 - Five cards are marked with the numbers I. 2. 3.4....Ch. 8.2 - Prob. 14ECh. 8.2 - Prob. 15ECh. 8.2 - Prob. 16ECh. 8.2 - In Exercises 17-24, decide whether each exercise...Ch. 8.2 - Prob. 18ECh. 8.2 - In Exercises 17-24, decide whether each exercise...Ch. 8.2 - Prob. 20ECh. 8.2 - In Exercises 17-24, decide whether each exercise...Ch. 8.2 - Prob. 22ECh. 8.2 - In Exercises 17-24, decide whether each exercise...Ch. 8.2 - Prob. 24ECh. 8.2 - Prob. 25ECh. 8.2 - Prob. 26ECh. 8.2 - The following problem was posed on National Public...Ch. 8.2 - Prob. 28ECh. 8.2 - Work AssignmentsFrom a group of 8 newly hired...Ch. 8.2 - Prob. 30ECh. 8.2 - Prob. 31ECh. 8.2 - Worker GrievancesA group of 9 workers decides to...Ch. 8.2 - Prob. 33ECh. 8.2 - Ice Cream FlavorsBaskin-Robbins advertises that it...Ch. 8.2 - Prob. 35ECh. 8.2 - Prob. 36ECh. 8.2 - Legislative CommitteeA legislative committee...Ch. 8.2 - Prob. 38ECh. 8.2 - Prob. 39ECh. 8.2 - Prob. 40ECh. 8.2 - Prob. 41ECh. 8.2 - Prob. 42ECh. 8.2 - BaseballIf a baseball coach has 5 good hitters and...Ch. 8.2 - Prob. 44ECh. 8.2 - Prob. 45ECh. 8.2 - Prob. 46ECh. 8.2 - Prob. 47ECh. 8.2 - Prob. 48ECh. 8.2 - Prob. 49ECh. 8.2 - License PlatesOfficials from a particular state...Ch. 8.2 - Prob. 51ECh. 8.2 - Prob. 52ECh. 8.2 - Prob. 53ECh. 8.2 - Prob. 54ECh. 8.2 - AppetizersApplebees restaurant recently advertised...Ch. 8.2 - Prob. 56ECh. 8.2 - Prob. 57ECh. 8.2 - Prob. 58ECh. 8.3 - Prob. 1YTCh. 8.3 - Prob. 2YTCh. 8.3 - Suppose the container in Example 3 has 4...Ch. 8.3 - In Example 4, what is the probability of a hand...Ch. 8.3 - Prob. 5YTCh. 8.3 - Prob. 6YTCh. 8.3 - Prob. 1WECh. 8.3 - If the Senate has 59 Democrats and 41 Republicans,...Ch. 8.3 - Prob. 1ECh. 8.3 - Prob. 2ECh. 8.3 - Prob. 3ECh. 8.3 - A basket contains 7 red apples and 4 yellow...Ch. 8.3 - In a club with 9 male and 11 female members, a...Ch. 8.3 - Prob. 6ECh. 8.3 - Prob. 7ECh. 8.3 - Prob. 8ECh. 8.3 - Prob. 9ECh. 8.3 - Prob. 10ECh. 8.3 - Prob. 11ECh. 8.3 - Prob. 12ECh. 8.3 - Prob. 13ECh. 8.3 - Prob. 14ECh. 8.3 - Prob. 15ECh. 8.3 - Find the probability that the 2-card hand...Ch. 8.3 - Prob. 17ECh. 8.3 - Prob. 18ECh. 8.3 - Twenty-six slips of paper are each marked with a...Ch. 8.3 - Prob. 20ECh. 8.3 - Twenty-six slips of paper are each marked with a...Ch. 8.3 - Prob. 22ECh. 8.3 - Discuss the relative merits of using tree diagrams...Ch. 8.3 - Prob. 24ECh. 8.3 - Prob. 25ECh. 8.3 - Prob. 26ECh. 8.3 - Prob. 27ECh. 8.3 - Prob. 28ECh. 8.3 - Prob. 29ECh. 8.3 - Prob. 30ECh. 8.3 - Prob. 31ECh. 8.3 - Prob. 32ECh. 8.3 - An elevator has 4 passengers and slops at 7...Ch. 8.3 - Prob. 34ECh. 8.3 - Prob. 35ECh. 8.3 - Prob. 36ECh. 8.3 - Quality ControlA shipment of 11 printers contains...Ch. 8.3 - Prob. 38ECh. 8.3 - Prob. 39ECh. 8.3 - Prob. 40ECh. 8.3 - Refer to Example 3. The managers feel that the...Ch. 8.3 - Prob. 42ECh. 8.3 - Prob. 43ECh. 8.3 - Prob. 44ECh. 8.3 - Prob. 45ECh. 8.3 - Prob. 46ECh. 8.3 - EducationEducation At a conference promoting...Ch. 8.3 - PokerFind the probabilities of the following hands...Ch. 8.3 - Prob. 49ECh. 8.3 - Prob. 50ECh. 8.3 - Prob. 51ECh. 8.3 - Prob. 52ECh. 8.3 - Prob. 53ECh. 8.3 - Prob. 54ECh. 8.3 - Prob. 55ECh. 8.3 - Prob. 56ECh. 8.3 - Prob. 57ECh. 8.3 - Prob. 58ECh. 8.3 - Prob. 59ECh. 8.3 - Prob. 60ECh. 8.3 - Prob. 61ECh. 8.3 - Prob. 62ECh. 8.3 - Prob. 63ECh. 8.3 - Prob. 64ECh. 8.3 - Prob. 65ECh. 8.3 - Prob. 66ECh. 8.3 - Prob. 67ECh. 8.3 - Prob. 68ECh. 8.3 - Prob. 69ECh. 8.3 - Prob. 70ECh. 8.3 - Prob. 71ECh. 8.3 - Prob. 72ECh. 8.3 - FootballDuring the 1988 college football season,...Ch. 8.3 - Prob. 74ECh. 8.3 - Prob. 75ECh. 8.3 - Prob. 76ECh. 8.4 - Prob. 1YTCh. 8.4 - Prob. 2YTCh. 8.4 - Prob. 3YTCh. 8.4 - Prob. 1WECh. 8.4 - Prob. 2WECh. 8.4 - Prob. 1ECh. 8.4 - Prob. 2ECh. 8.4 - Prob. 3ECh. 8.4 - Prob. 4ECh. 8.4 - Prob. 5ECh. 8.4 - Prob. 6ECh. 8.4 - Prob. 7ECh. 8.4 - Prob. 8ECh. 8.4 - Prob. 9ECh. 8.4 - A die is rolled 12 times. Find the probabilities...Ch. 8.4 - Prob. 11ECh. 8.4 - Prob. 12ECh. 8.4 - Prob. 13ECh. 8.4 - Prob. 14ECh. 8.4 - Prob. 15ECh. 8.4 - Prob. 16ECh. 8.4 - Prob. 17ECh. 8.4 - Prob. 18ECh. 8.4 - Prob. 19ECh. 8.4 - Prob. 20ECh. 8.4 - Prob. 21ECh. 8.4 - Prob. 22ECh. 8.4 - Business and Economics ManagementThe survey...Ch. 8.4 - Prob. 24ECh. 8.4 - Credit CardsA survey of consumer finance found...Ch. 8.4 - Prob. 26ECh. 8.4 - Prob. 27ECh. 8.4 - Prob. 28ECh. 8.4 - Prob. 29ECh. 8.4 - Prob. 30ECh. 8.4 - Prob. 31ECh. 8.4 - Prob. 32ECh. 8.4 - Prob. 33ECh. 8.4 - Prob. 34ECh. 8.4 - Prob. 35ECh. 8.4 - Prob. 36ECh. 8.4 - Prob. 37ECh. 8.4 - Prob. 38ECh. 8.4 - Prob. 39ECh. 8.4 - Prob. 40ECh. 8.4 - Prob. 41ECh. 8.4 - BirthsIn Clay County, North Carolina, 54 out of 84...Ch. 8.4 - Prob. 43ECh. 8.4 - Prob. 44ECh. 8.4 - Prob. 45ECh. 8.4 - Prob. 46ECh. 8.4 - Prob. 47ECh. 8.4 - Prob. 48ECh. 8.4 - Health StudyA study is being conducted in which...Ch. 8.4 - Social Sciences 50. Women WorkingA recent study...Ch. 8.4 - Prob. 51ECh. 8.4 - Prob. 52ECh. 8.4 - Prob. 53ECh. 8.4 - Prob. 54ECh. 8.4 - Prob. 55ECh. 8.4 - Prob. 56ECh. 8.4 - Prob. 57ECh. 8.4 - Prob. 58ECh. 8.4 - SportsIn many spans championships, such as the...Ch. 8.5 - Prob. 1YTCh. 8.5 - Prob. 2YTCh. 8.5 - Prob. 3YTCh. 8.5 - Prob. 4YTCh. 8.5 - Prob. 5YTCh. 8.5 - Prob. 1WECh. 8.5 - Prob. 2WECh. 8.5 - Prob. 1ECh. 8.5 - For each experiment described below, let x...Ch. 8.5 - Prob. 3ECh. 8.5 - For each experiment described below, let x...Ch. 8.5 - Prob. 5ECh. 8.5 - Prob. 6ECh. 8.5 - Prob. 7ECh. 8.5 - Prob. 8ECh. 8.5 - Prob. 9ECh. 8.5 - Prob. 10ECh. 8.5 - Prob. 11ECh. 8.5 - Prob. 12ECh. 8.5 - Prob. 13ECh. 8.5 - Prob. 14ECh. 8.5 - Prob. 15ECh. 8.5 - Prob. 16ECh. 8.5 - For the game in Example 5, find Marys expected...Ch. 8.5 - Suppose one day Mary brings a 2-headed coin and...Ch. 8.5 - Prob. 19ECh. 8.5 - Prob. 20ECh. 8.5 - Prob. 21ECh. 8.5 - Solve each exercise. Many of these exercises...Ch. 8.5 - Prob. 23ECh. 8.5 - Prob. 24ECh. 8.5 - Prob. 25ECh. 8.5 - Suppose someone offers to pay you 5 if you draw 2...Ch. 8.5 - Prob. 27ECh. 8.5 - Prob. 28ECh. 8.5 - Prob. 29ECh. 8.5 - Prob. 30ECh. 8.5 - Payout on Insurance PoliciesAn insurance company...Ch. 8.5 - Prob. 32ECh. 8.5 - Prob. 33ECh. 8.5 - Prob. 34ECh. 8.5 - Prob. 35ECh. 8.5 - Prob. 36ECh. 8.5 - Prob. 37ECh. 8.5 - Hospitalization InsuranceAn insurance policy pays...Ch. 8.5 - Prob. 39ECh. 8.5 - Prob. 40ECh. 8.5 - Samuel AlitoWhen Supreme Court Justice Samuel...Ch. 8.5 - Prob. 42ECh. 8.5 - Prob. 43ECh. 8.5 - Prob. 44ECh. 8.5 - Prob. 45ECh. 8.5 - RaffleA raffle offers a first prize of 1000, 2...Ch. 8.5 - Prob. 47ECh. 8.5 - Prob. 48ECh. 8.5 - Prob. 49ECh. 8.5 - Prob. 50ECh. 8.5 - Find the expected payback for the games of chance...Ch. 8.5 - Prob. 52ECh. 8.5 - ContestsA magazine distributor offers a first...Ch. 8.5 - ContestsA contest at a fast-food restaurant...Ch. 8.5 - Prob. 55ECh. 8.5 - Prob. 56ECh. 8.5 - Prob. 57ECh. 8 - Prob. 1RECh. 8 - Prob. 2RECh. 8 - Prob. 3RECh. 8 - Prob. 4RECh. 8 - Prob. 5RECh. 8 - Prob. 6RECh. 8 - Prob. 7RECh. 8 - Prob. 8RECh. 8 - Prob. 9RECh. 8 - Prob. 10RECh. 8 - Prob. 11RECh. 8 - Prob. 12RECh. 8 - Prob. 13RECh. 8 - Prob. 14RECh. 8 - Prob. 15RECh. 8 - Prob. 16RECh. 8 - Prob. 17RECh. 8 - Prob. 18RECh. 8 - Prob. 19RECh. 8 - Prob. 20RECh. 8 - Prob. 21RECh. 8 - Prob. 22RECh. 8 - Prob. 23RECh. 8 - Prob. 24RECh. 8 - Prob. 25RECh. 8 - A basket contains 4 black, 2 blue, and 7 green...Ch. 8 - Prob. 27RECh. 8 - Prob. 28RECh. 8 - Prob. 29RECh. 8 - Prob. 30RECh. 8 - Prob. 31RECh. 8 - Prob. 32RECh. 8 - Prob. 33RECh. 8 - Prob. 34RECh. 8 - Prob. 35RECh. 8 - Prob. 36RECh. 8 - Prob. 37RECh. 8 - Suppose 2 cards are drawn without replacement from...Ch. 8 - Prob. 39RECh. 8 - Prob. 40RECh. 8 - Prob. 41RECh. 8 - In Exercises 41 and 42, (a) give a probability...Ch. 8 - Prob. 43RECh. 8 - Prob. 44RECh. 8 - Prob. 45RECh. 8 - Prob. 46RECh. 8 - Prob. 47RECh. 8 - Suppose someone offers to pay you 100 if you draw...Ch. 8 - Prob. 49RECh. 8 - Prob. 50RECh. 8 - Prob. 51RECh. 8 - Prob. 52RECh. 8 - Prob. 53RECh. 8 - Job QualificationsOf the 12 people applying for an...Ch. 8 - Prob. 55RECh. 8 - Prob. 56RECh. 8 - Prob. 57RECh. 8 - Prob. 58RECh. 8 - Identity TheftAccording to a survey by Javelin...Ch. 8 - Prob. 60RECh. 8 - Prob. 61RECh. 8 - Prob. 62RECh. 8 - Prob. 63RECh. 8 - Injury ClaimsThe number of injury claims per month...Ch. 8 - Prob. 65RECh. 8 - Prob. 66RECh. 8 - Prob. 67RECh. 8 - Prob. 68RECh. 8 - Prob. 69RECh. 8 - Prob. 70RECh. 8 - Prob. 71RECh. 8 - Prob. 72RECh. 8 - Prob. 73RECh. 8 - Prob. 74RECh. 8 - Prob. 75RECh. 8 - Prob. 76RECh. 8 - Prob. 77RECh. 8 - LotteryNew York has a lottery game called Quick...Ch. 8 - Prob. 79RECh. 8 - Prob. 80RECh. 8 - Prob. 81RECh. 8 - PitThe card game of Pit was introduced by Parker...
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