subject
Business, 08.08.2019 18:20 375025

When playing roulette at a casino, a gambler is trying to decide whether to bet $5 on the number 13 or to bet $5 that the outcome is any one of the three possibilities 00 comma 0 comma or 1. the gambler knows that the expected value of the $5 bet for a single number is negative 0.53 cents. for the $5 bet that the outcome is 00 comma 0 comma or 1, there is a probability of startfraction 3 over 38 endfraction of making a net profit of $20 and a startfraction 35 over 38 endfraction probability of losing $5. a. find the expected value for the $5 bet that the outcome is 00 comma 0 comma or 1. b. which bet is better: a $5 bet on the number 13 or a $5 bet that the outcome is any one of the numbers 00 comma 0 comma or 1? why?

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 05:30
Identify the three components of a family's culture and provide one example from your own experience
Answers: 2
question
Business, 22.06.2019 10:30
Issued to the joint planning and execution community (jpec) initiates the development of coas; it also requests that the supported ccdr submit a commander's estimate of the situation with a recommended coa to resolve the situation (joint force command and staff participation in the joint operation planning and execution system, page 10)
Answers: 2
question
Business, 22.06.2019 16:50
In terms of the "great wheel of science", statistics are central to the research process (a) only between the hypothesis phase and the observation phase (b) only between the observation phase and the empirical generalization phase (c) only between the theory phase and the hypothesis phase (d) only between the empirical generalization phase and the theory phase
Answers: 1
question
Business, 22.06.2019 20:00
Suppose a country's productivity last year was 84. if this country's productivity growth rate of 5 percent is to be maintained, this means that this year's productivity will have to be:
Answers: 2
You know the right answer?
When playing roulette at a casino, a gambler is trying to decide whether to bet $5 on the number 13...
Questions
question
Physics, 03.05.2021 17:00
question
History, 03.05.2021 17:00
question
Mathematics, 03.05.2021 17:00
question
Mathematics, 03.05.2021 17:00
Questions on the website: 13722367