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1 answer:
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Answer:
,
,
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Step-by-step explanation:
The bag has a total of (4+2+3+5) = 14 balls. Set up the proportions:
Red:
green:
yellow:
blue:
Now solve!
Removing 1 yellow, 1 red, 1 green, and 1 blue =
Removing 1 blue, 1 green, 1 green, and 1 yellow =
Removing 1 red, 1 red, 1 yellow, and 1 yellow =
Removing 1 green, 1 yellow, 1 yellow, and 1 red =
Answer:
The expected value of the game to the player is -$0.2105 and the expected loss if played the game 1000 times is -$210.5.
Step-by-step explanation:
Consider the provided information.
It is given that if ball lands on 29 players will get $140 otherwise casino will takes $4.
The probability of winning is 1/38. So, the probability of loss is 37/38.
Now, find the expected value of the game to the player as shown:
Hence, the expected value of the game to the player is -$0.2105.
Now find the expect to loss if played the game 1000 times.
1000×(-$0.2105)=-$210.5
Therefore, the expected loss if played the game 1000 times is -$210.5.