Concept explainers
To Find: The amount of money put by Tippy against Bippy to make the bet even.
Answer to Problem 37RP
The amount of money put by Tippy against Bippy for the given condition = $
Explanation of Solution
Given information:
We are given that the clock cuckoos after every half an hour. Bippy enters the room before Tippy checked clock and made a bet of $
Concept Used:
The Probability of an event represents the chance that the event will occur. Probability of even bet means the chances of winning and losing are same. When it is even bet the value of money is obtained by:
Amount won per bet
Calculation:
Now here as Bippy has put his money on the formation of acute angle, thus if the angle will not be acute then Tippy will win.
Let Tippy has put $
Number of times acute angle is made in
Number of times non acute angle is made in
Probability of acute angle =
Probability of non-acute angles=
Considering Tippy’s case:
Fixing all these values in the above formula:
Amount won per bet
Which will be same if we consider Bippy’s case as it is an even bet.
Conclusion:
The amount of money put by Tippy against Bippy for the given condition = $
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