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Marta_Voda [28]
3 years ago
5

Use Scenario 6-5.Consider the following game.You pay me an entry fee of x dollars; then I roll a fair die. If the die shows a nu

mber less than 3 I pay you nothing; if the die shows a 3 or 4, I give you back your entry fee of x dollars; if the die shows a 5, I will pay you $1; and if the die shows a 6, I pay you $3. What value of x makes the game fair (in terms of expected value) for both of us?
A.$2
B.$4
C.$1
D.$0.75
E.$0.5
Mathematics
1 answer:
ipn [44]3 years ago
5 0

Answer:

C.$1

Step-by-step explanation:

Since, when a die is rolled,

Then the total possible outcomes = 6 ( i.e. 1, 2, 3, 4, 5 or 6 )

Outcomes of getting number less than 3 = 2 ( i.e. 1 or 2 )

Outcomes of getting  3 or 4 = 2

Outcomes of getting 5 = 1,

Outcomes of getting 6 = 1,

\because \text{Probability}=\frac{\text{Favourable outcomes}}{\text{Total outcomes}}

Thus, the probability of getting number less than 3 = \frac{2}{6}=\frac{1}{3}

The probability of getting 3 or 4 = \frac{2}{6}=\frac{1}{3}

The probability of getting 5 = \frac{1}{6}

The probability of getting 6 = \frac{1}{6}

∵ If the die shows a number less than 3 then nothing will get; if the die shows a 3 or 4, we will get x dollars; if the die shows a 5, we will get $1; and if the die shows a 6, we will get $3

So, the expected value = x\times \frac{1}{3}+0\times \frac{1}{3}+1\times \frac{1}{6}+3\times \frac{1}{6}

=\frac{x}{3}+\frac{1}{6}+\frac{1}{2}

=\frac{2x+1+3}{6}

=\frac{2x+4}{6}

The game is fair if,

\frac{2x+4}{6}=x

2x + 4 = 6x

4 = 4x

\implies x = 1

Hence, the value of x would be $ 1.

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13.3 ft

Step-by-step explanation:

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Answer:

Step-by-step explanation:

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b) 25 = x^2 -20x +100, we solve for x to find the closest distance since as we move up the vase the distance to the wall gets closer(assume the y-axis is the wall), then

x^2 -20x +75 = 0  (x-15) * (x-5) = 0

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we reject x = 15

the shortest distance from the top of the vase to the wall is 5 cm

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c) this is a left shift of the equation y = (x-10)^2

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d) y = (x-10+5)^2

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A student answers a multiple-choice examination question that offers four possible answers. Suppose the probability that the stu
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Answer:

The value is P(A | W) =  0.941

Step-by-step explanation:

From the question we are told that

The probability that the student knows the answer to the question is P(A) =  0.8

The probability that that the student will guess is P(G) =  0.2

The probability that that the student get the correct answer given that the student guessed is P(W /G) =  0.25

Here W denotes that the student gets the correct answer

Generally it a certain fact that if the student knows the answer he would get it correctly

So the probability the the student got answer given that he knows it is

P(W | A) =  1

Generally from Bayes theorem we can mathematically evaluate the probability that the student knows the answer given that he got it correctly as follows

P(A | W) =  \frac{ P(A) *  P(W | A )}{ P(A) *  P(W | A) + P(G) * P(W| G)}

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4 0
3 years ago
The time spent waiting in the line is approximately normally distributed. The mean waiting time is 6 minutes and the variance of
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Answer:

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Step-by-step explanation:

Problems of normally distributed samples are solved using the z-score formula.

In a set with mean \mu and standard deviation \sigma, the zscore of a measure X is given by:

Z = \frac{X - \mu}{\sigma}

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.

The standard deviation is the square root of the variance.

In this problem, we have that:

\mu = 6, \sigma = \sqrt{4} = 2

Find the probability that a person will wait for more than 7 minutes.

This is 1 subtracted by the pvalue of Z when X = 7. So

Z = \frac{X - \mu}{\sigma}

Z = \frac{7 - 6}{2}

Z = 0.5

Z = 0.5 has a pvalue of 0.6915

1 - 0.6915 = 0.3075

0.3075 = 30.75% probability that a person will wait for more than 7 minutes.

7 0
2 years ago
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