9. Find the standard deviation of a one dollar European Roulette bet. For European roulette, a single number wins 1/37 and loses 36/37. The expected value is -1 + 35 -0.027 for each unit bet (2.70% house edge). What is your optimal bet for this game? What is the optimal bet from the house's point of view, assuming a house bank of 10 million dollars?

Q: the sales manager knows that 15% of his clients do not pay their debts in full. He supposes that he…

A:

Q: Q: Using the binomial distribution, find the probabilities of a. 3 successes in 8 trails when p=04.

A: Given that   X follows a binomial distribution with n=8 and p=0.4 and r=3   Binomial distribution…

Q: 1500 if 3 tails occur. Find the expected gain of the player.

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Q: 36% of adults say cashews are their favorite kind of nut. You randomly select 12 adults and ask each…

A: Given data isn=12p=0.36Let "x" no. of adults who say cashews are their favorite…

Q: 3. Find the binomial probabilities b(5; 7,.3) and b(2; 11,.13).

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Q: Please solve the question attached

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A: 1. number of trials 2. successful trial

Q: In a recent year, the Better Business Bureau settled 75% of complaints they received. You have been…

A:

Q: 44​% of adults say cashews are their favorite kind of nut. You randomly select 12 adults and ask…

A: Let X denote the number of adults say cashews are their favorite kind of nut. Then X follows a…

Q: Find P(A or B or C) for the given probabilities. P(A) = 0.35, P(B) = 0.24, P(C) = 0.14 P(A and B) =…

A: P(A) = 0.35, P(B) = 0.24, P(C) = 0.14 P(A and B) = 0.13, P(A and C)=0.02, P(B and C) = 0.06 P(A and…

Q: The P(A) = ?  5/11.    P(not A) =?    6/11 Odds in favor of A are?

A: Given that P(A)=5/11, P(not A)=6/11

Q: Finally expected loss

A:

Q: Game(or experiment):A jar contains 2 red, 3 green, and 6 blue marbles. In a game a player closes…

A: Given Information: A jar contains 2 red, 3 green, and 6 blue marbles.  A player randomly chooses two…

Q: A raffle offers a first prize of $400 and 3 second prizes of $80 each. One ticket costs $2, and 600…

A: Given information- No. of ticket = 600 P(wining $400) = 1/600 P(wining $80) = 3/600 Cost of ticket =…

Q: 13. In a basketball free-throw competition, a player shoots until he or she misses a basket. Can…

A: HERE use basic of binomial distribution

Q: Find the probability of having 2, 3, or 4 successes in five trials of a binomial experiment in which…

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Q: P(A) = 0.61, P(B) = 0.67, P(BU A) = 0.91 Find the following probabilities. P(AN B) = P(B|A) = P(A|B)…

A:

Q: On average, what are the odds of left handed stick orders coming into the website? 2:1 O 13:7 O…

A: From the provided information, 65% of hockey players order "leftie" or left-handed sticks from the…

Q: An animal shelter has a 65% adoption rate for puppies. Of all puppies in the shelter, 75% live to be…

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Q: Find P(A or B or C) for the given probabilities. P(A) = 0.35, P(B) = 0.28, P(C) = 0.14 P(A and B) =…

A: Given : P(A) = 0.35 P(B) = 0.28 P(C) = 0.14 P(A and B) = 0.13 P(A and C) = 0.04 P(B and C) = 0.09…

Q: Suppose you have the opportunity to place a bet on an NBA playoff game. On Friday, June 11th, the…

A: As a result,  Profit×probability of winning- loss×probability of loss=0 If one wins, the individual…

Q: Proportion of 3s 0.2 0.15 0.1 0.05 20 40 60 80 100 Frequency Probability

A: The proportion of 3 means that the number of times 3 comes in the total number of times when the…

Q: In a recent year, the Better Business Bureau settled 75% of complaints they received. You have been…

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Q: Q13. In a bet, you have 40% probability of losing $15. What should the potential winnings from such…

A: From. The above data  We are given that the  n= 15 P = 0.40

Q: What would the expected value be if tickets were sold for $10 but there were 1000 tickets sold?…

A: To calculate the expected value (EV) for the raffle with the new parameters (tickets sold for $10…

Q: A fair six-sided die is tossed. You win P5.O if the result is a "3", you win P10.0 if the result is…

A: Please see the handwritten solution

Q: t a raffle, 500 ticket are sold at $4 each. There are twenty $10 prizes, four $50 prizes, and one…

A: Let X be a random variable such that X: Gain or loss in buying one ticket in dollars X -4 10 50…

Q: 3. In ice hockey, the chance to score a goal on a certain minute of the game for each team is 0.3%.…

A: Chance to score a goal on a certain minute = 0.3% We have to compair two results : At least one goal…

Q: There is an 80% chance the team will win on Thursday. What are the odds against the team winning on…

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Q: the sales manager knows that 36% of his clients do not pay their debts in full. He supposes that he…

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Q: Suppose that you and a friend are playing cards and you decide to make a friendly wager. The bet is…

A: Probability of both cards are clubs:

Q: Find P(A or B or C) for the given probabilities. P(A) = 0.33, P(B) = 0.24, P(C)= 0.19 P(A and B) =…

A:

Q: Carmen, a computer sales person, believes that the odds are 8 to 7 that she will clinch the sale of…

A: From the provided information, Carmen believes that the odds are 8 to 7 that she will clinch the…

Q: 6.) Investment Club. The triple L investment club is considering purchasing a certain stock. After…

A: Given that  Chance of making $10,000 = 60% = 0.60 Chance of making break even = 10% = 0.10  Chance…