subject
Mathematics, 10.03.2020 02:05 bgallman153p71edg

In the carnival game Under-or-Over-Seven, a pair of fair dice is rolled once, and the resulting sum determines whether the player wins or loses his or her bet. For example, using method one, the player can bet $1.50 that the sum will be under 7, that is, 2, 3, 4, 5, or 6. For this bet, the player wins $1.50 if the result is under 7 and loses $1.50 if the outcome equals or is greater than 7. Similarly, using method two, the player can bet $1.50 that the sum will be over 7, that is, 8, 9, 10, 11, or 12. Here, the player wins $1.50 if the result is over 7 but loses $1.50 if the result is 7 or under. A third method of play is to bet $1.50 on the outcome 7. For this bet, the player wins $6.00 if the result of the roll is 7 and loses $1.50 otherwise.

a. Construct the probability distribution representing the different outcomes that are possible for a $3.00 bet using method 1.
b. Construct the probability distribution representing the different outcomes that are possible for a $3.00 bet using method 2.
c. Construct the probability distribution representing the different outcomes that are possible for a $3 bet using method two.
d. What is the expected long-run profit or loss to the player for each of the three methods of play?

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 16:30
Anyone know? will mark brainliest if correct!
Answers: 1
question
Mathematics, 21.06.2019 22:00
Which function in vertex form is equivalent to f(x) = x2 + 6x + 3? f(x) = (x + 3)2 + 3 f(x) = (x + 3)2 − 6 f(x) = (x + 6)2 + 3 f(x) = (x + 6)2 − 6
Answers: 1
question
Mathematics, 21.06.2019 22:00
The numbers on a football field indicate 10 yard increments. you walk around the perimeter of a football field between the pylons. you walk a distance of 30623 yards. find the area and perimeter of the indicated regions. write your answers as mixed numbers, if necessary. a. one end zone: perimeter: yd area: yd2 b. the playing field (not including end zones): perimeter: yd area: yd2 c. the playing field (including end zones): perimeter: yd area: yd2
Answers: 1
question
Mathematics, 22.06.2019 05:00
Willard f. libby received his undergraduate degree from . after he completed his graduate work, he became a professor at . in 1960, he won a nobel prize in .
Answers: 3
You know the right answer?
In the carnival game Under-or-Over-Seven, a pair of fair dice is rolled once, and the resulting sum...
Questions
question
Mathematics, 25.09.2019 02:10
question
Mathematics, 25.09.2019 02:10
Questions on the website: 13722362