MATH 1308 Q7

# MATH 1308 Q7

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1. A box has three red balls and four green balls. A gambler bets $1 on red. A ball is randomly chosen. The gambler wins$1 if the ball is red, otherwise, he loses $1. He will play this game 200 times. The expected value for the gambler's net gain is: 2. A box has three red balls and four green balls. A gambler bets$1 on red. A ball is randomly chosen. The gambler win $1 if the ball is red, otherwise he loses$1. He will play this game 200 times. The SE for the gambler's net gain is:

3. A box has three red balls and four green balls. A gambler bets $1 on red. A ball is randomly chosen. The gambler wins$1 if the ball is red, otherwise he loses $1. He will play this game 200 times. The chance that the gambler wins more than$2 is about:

4. A gambler plays roulette, and makes a $1 bet on four numbers, 400 times. The bet pays 8 to 1. Find the standard error for the sum. 5. A gambler plays roulette, and makes a$1 bet on four numbers, 400 times. The bet pays 8 to 1. Find the amount of money the CASINO is expected to make.

6. A gambler plays roulette, and makes a $1 bet on four numbers, 400 times. The bet pays 8 to 1. Find the chance that the casino will win between$30 and $40. 7. A gambler plays roulette 200 times, betting$1 on a split each time. A split pays 17 to 1, and there are 2 ways in 38 to win. Find the amount of money the casino is expected to win.

8. A gambler plays roulette, and makes a $1 bet on four numbers, 400 times. The bet pays 8 to 1. Find the SD of the box model that would go with this situation. 9. A gambler plays roulette 200 times, betting$1 on a split each time. A split pays 17 to 1, and there are 2 ways in 38 to win. (We are interested in the the casino making more than $10.) Find the casino's standard error for the sum. 10. A gambler plays roulette 200 times, betting$1 on a split each time. A split pays 17 to 1, and there are 2 ways in 38 to win. (We are interested in the casino making more than $10.) Find the average of the box. 11. A gambler plays roulette 200 times, betting$1 on a split each time. A split pays 17 to 1, and there are 2 ways in 38 to win. (We are interested in the casino making more than $10 from these plays.) Find the standard deviation of the box. 12. A gambler plays roulette 200 times, betting$1 on a split each time. A split pays 17 to 1, and there are 2 chances in 38 to win. Find the chance that the casino makes more than $10 from these plays. MATH 1308 lancer ### 1 Answer L Answered by 2 years ago 0 points #### Oh Snap! This Answer is Locked Thumbnail of first page Excerpt from file: Q7 1. A box has three red balls and four green balls. A gambler bets 1 on red. A ball is randomly chosen. The gambler wins 1 if the ball is red, otherwise, he loses 1. He will play this game 200 times. The expected value for the gambler's net gain is: Answer: 2. A box has three red balls and four Filename: MATH 1308 Q7.docx Filesize: < 2 MB Downloads: 0 Print Length: 2 Pages/Slides Words: 530 ### Your Answer Surround your text in *italics* or **bold**, to write a math equation use, for example, $x^2+2x+1=0\$ or $$\beta^2-1=0$$

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