Business, 18.07.2019 04:30 gobbler80

When playing roulette at a casino, a gambler is trying to decide whether to bet $5 on the number 13 or to bet $5 that the outcome is any one of the three possibilities 00 comma 0 comma or 1. the gambler knows that the expected value of the $5 bet for a single number is negative 0.53 cents. for the $5 bet that the outcome is 00 comma 0 comma or 1, there is a probability of startfraction 3 over 38 endfraction of making a net profit of $20 and a startfraction 35 over 38 endfraction probability of losing $5. a. find the expected value for the $5 bet that the outcome is 00 comma 0 comma or 1. b. which bet is better: a $5 bet on the number 13 or a $5 bet that the outcome is any one of the numbers 00 comma 0 comma or 1? why?

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 11:10

Robert black, regional manager for ford in texas and oklahoma, faced a dilemma. the ford f-150 pickup truck was the best-selling pickup ever, yet ford's headquarters in detroit had decided to introduce a completely redesigned f-150. how could mr. black sell both trucks at the same time? he still had "old" f-150s in stock. in his advertising, mr. black referred to the new f-150s as follows: "not a better f-150. just the only truck good enough to be the next f-150." this statement represents ford's of the new f-150.

Answers: 2

Answer

Business, 22.06.2019 19:00

The following are budgeted data: january february march sales in units 16,200 22,400 19,200 production in units 19,200 20,200 18,700 one pound of material is required for each finished unit. the inventory of materials at the end of each month should equal 20% of the following month's production needs. purchases of raw materials for february would be budgeted to be:

Answers: 3

Answer

Business, 22.06.2019 19:50

Which of the following would create the most money? the initial deposit is $6,500 and the required reserve ratio is 20 percent. the initial deposit is $3,000 and the required reserve ratio is 10 percent. the initial deposit is $7,500 and the required reserve ratio is 25 percent. the initial deposit is $4,500 and the required reserve ratio is 15 percent.

Answers: 1

Answer

Business, 22.06.2019 21:00

You have $5,300 to deposit. regency bank offers 6 percent per year compounded monthly (.5 percent per month), while king bank offers 6 percent but will only compounded annually. how much will your investment be worth in 17 years at each bank

Answers: 3

Answer

You know the right answer?

When playing roulette at a casino, a gambler is trying to decide whether to bet $5 on the number 13...

Questions