Blue 50% payout amount $5 Pink 25% payout amount $8 Gray 10% payout amount $15 Orange 15% payout amount $12 You are the creator of the game shown above. Your bosses at the casino have told you that you need to have a profit of at least $0.75 per spin, but you can only charge players whole amounts that end in .00 or .50. Such as $4.50 or $7.00 What is the least amount you can charge players to play this game and still keep your bosses happy? Include a dollar sign in your answer.

Blue 50% payout amount $5 Pink 25% payout amount $8 Gray 10% payout amount $15 Orange 15% payout amount $12 You are the creator of the game shown above. Your bosses at the casino have told you that you need to have a profit of at least $0.75 per spin, but you can only charge players whole amounts that end in .00 or .50. Such as $4.50 or $7.00 What is the least amount you can charge players to play this game and still keep your bosses happy? Include a dollar sign in your answer.

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

See similar textbooks

Similar questions

You spend a $20 per turn on a fair game to win $40 for each win. You win the first two rounds and lose the third one. What was the net payoff?
Suppose you have a $250 gift card for gas. You spend on average $22 per week for gas.
My sister Donna started a trading card collection last year, but unfortunately, she can’t seem to keep track of her cards. Recently she took all of her cards with her on the bus to school. On the way there, some bullying sixth graders stole ¼ of her cards. Then she dropped six cards in the gutter when she got off the bus. She went to class and lost 2/3 of her remaining cards when she passed them around during show-and-tell. Then she gave three cards to her best friend. The teacher, Mr. Purcell, had a stash of trading cards which he let her pick through, giving her enough to increase her total by 1/5. When she went to recess, she found eight cards on the playground. Then at lunch, she accidentally threw half of her remaining cards away in her lunch bag. When she came home, she had only ten cards left. How many cards did Donna have when she left for school?
Pretend that you buy a $200 dollar stock. A. If the price goes up 10% on Monday, up 5% on Tuesday, and up 7% on Wednesday, how much is the stock worth now?
You need to borrow money for gas, so you ask your mother and your sister. You can only borrow money from one of them. Before giving you money, they each say they will make you play a game. Your sister says she wants you to roll a six-sided die. She will give you $5 times the number that appears on the die. Your mother says she wants you to flip a fair coin. She will give you $11 for heads and $19 for tails. Determine the expected value of each game and decide which offer you should take. Answer Кeypad Keyboard Shortcuts Expected value for your sister's game: $ Expected value for your mother's game: $ Which offer should you take? O your sister's offer O your mother's offer
A man went to Atlantic City with $2000 and placed 100 bets of $20 each, one after another, on the same number on the roulette wheel. There are 38 numbers on the wheel, and the gaming casino pays 35 times the amount bet if the ball drops into the bettor’s numbered slot in the roulette wheel. In addition, the bettor receives back the original $20 bet. Estimate how much money the man is expected to win or lose in Atlantic City.
You work for a car dealership where you earn 16% commission on the profit of a car sale under $800, 24% on the profit of a sale above $800 but less than or equal to $2,000, and 29% on the profit of a sale above $2,000. If your most recent sale made a $1,978 profit. How much did you earn in commission on the sale?
Example 1: Fort Hamilton High school sold tickets to the annual talent show that was on Feb 28, 2020. Linda is selling tickets for the show. On the first day of ticket sales the school sold 4 adult tickets and 5 student tickets for a total of $102. On the second day they sold 5 student tickets and 7 adult tickets. The school took in $126 on the second day. What is the price for one adult and one student ticket?
You are buying a can of pizza sauce at the store.
A pet store offered a baby monkey for sale at $1.25. The monkey grew, and the next week it was offered at $1.89. Not one to monkey around, the shopkeeper subsequently raised the price to $5.13, then to $5.94, and next to $9.18. Finally, during the sixth week, an organ grinder bought the monkey at $12.42. How was the prices figured?
Marciopa's sucess fund recieves a gift of $135,000. The money iz invesfed in stocks bonds and CDs. CDs pay 4% interest, bonds 2.9% interest, and stocks 8.6% interest. Maricopa invests $55,000 more in bonds than in CDs. If the annual income from investments is $6,415.. how much is invested in each account? stocks ____ bonds _____ CDs ____
A mutual fund has total assets of $19 million and total liabilities of $3 million. There are 2 million shares outstanding. You invest $5000 in this fund. How many shares are you purchasing? shares