Ask a New Question

Question

A gambling game pays 4 to 1 and the chance of winning is 1 in 6. Suppose you bet $1 on this game 600 times independently.

3A - Find the expected number of times you win.

3B - Find the SE of the number of times you win.

3C - Find the chance that you lose more than $50 (that is, your net gain in the 600 bets is less than -$50).
12 years ago

Answers

L13
a) 100
12 years ago
seriously
135
12 years ago
Anonymous
What is the 135
12 years ago

Related Questions

A gambling game pays 4 to 1 and the chance of winning is 1 in 6. Suppose you bet $1 on this game 600... In a gambling game, a man is paid 400 if he draws a jack or queen and 500 if he draws a king or ace... In a gambling game a man is paid $5 if he gets all heads or all tails when 3 coins are tossed, and h... A gambling game works as follows: you flip a fair coin and roll a fair six-sided die. You will be pa... You play a gambling game with a friend in which you roll a die. If a 1 or 2 comes up, you win $8. Ot... You play a gambling game with a friend in which you roll a die. If a 1 or 2 comes up, you wi... While gambling is legal in some countries, the Internet gives access to gambling sites to individual... An addiction to gambling is one example of Programs about gambling An addiction to gambling is an example of _____. a phobia generalized anxiety an impulse...
Ask a New Question
Archives Contact Us Privacy Policy Terms of Use