KWhen playing roulette at a casino, a gambler is trying to decide whether to bet $5 on the number 25 or to bet $5 thatthe outcome is any one of the three possibilities 00, 0, or 1. The gambler knows that the expected value of the $5 bet326¢. For the $5 bet that the outcome is 00, 0, or 1, there is a probability of of making a3835for a single number isnet profit of $15 and a probability of losing $5.38a. Find the expected value for the $5 bet that the outcome is 00, 0, or 1.b. Which bet is better: a $5 bet on the number 25 or a $5 bet that the outcome is any one of the numbers 00, 0, or 1?Why?a. The expected value is $.(Round to the nearest cent as needed.)***

Given: The expected value of the $5 bet for a single number is −0.26 For the $5 bet on the outcome…

When playing roulette at a casino, a gambler is trying to decide whether to bet $5 on the number 25 or to bet $5 that the outcome is any one of the three possibilities 00, 0, or 1. The gambler knows that the expected value of the $5 bet 3 for a single number is - 26¢. For the $5 bet that the outcome is 00, 0, or 1, there is a probability of of making a 38 35 net profit of $15 and a probability of losing $5. 38 a. Find the expected value for the $5 bet that the outcome is 00, 0, or 1. b. Which bet is better: a $5 bet on the number 25 or a $5 bet that the outcome is any one of the numbers 00, 0, or 1? Why? a. The expected value is $ (Round to the nearest cent as needed.)

When playing roulette at a casino, a gambler is trying to decide whether to bet $5 on the number 25 or to bet $5 that the outcome is any one of the three possibilities 00, 0, or 1. The gambler knows that the expected value of the $5 bet 3 for a single number is - 26¢. For the $5 bet that the outcome is 00, 0, or 1, there is a probability of of making a 38 35 net profit of $15 and a probability of losing $5. 38 a. Find the expected value for the $5 bet that the outcome is 00, 0, or 1. b. Which bet is better: a $5 bet on the number 25 or a $5 bet that the outcome is any one of the numbers 00, 0, or 1? Why? a. The expected value is $ (Round to the nearest cent as needed.)

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter11: Data Analysis And Probability

Section11.8: Probabilities Of Disjoint And Overlapping Events

Problem 2C

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