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2 answers:
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Answer:
Step-by-step explanation:
Leaving leap years, a year contains 365 days.
For a group of 100 people, each person is independent of the other and probability of any day being his birthday has a chance of
a) Probability that exactly 3 people have same birthday =
Each day is independent of the other
And hence no of days having exactly 3 persons birthday out of 100 persons is binomial with n = 365 and p =
Expected value of days = np =
b) Distinct birthdays is binomail with p =1/365 and n = 365
Hence
expected value = np =1
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.