User Account

All Pages

Probability of any one of the 38 possible outcomes

Assignment Help Finance Basics
Reference no: EM131959471

A roulette wheel has 38 slots, numbered 0, 00, and 1 to 36. The slots 0 and 00 are colored green, 18 of the others are red, and 18 are black. The dealer spins the wheel and at the same time rolls a small ball along the wheel in the opposite direction. The wheel is carefully balanced so that the ball is equally likely to land in any slot when the wheel slows. Gamblers can bet on various combinations of numbers and colors.

(a) What is the probability of any one of the 38 possible outcomes? Explain your answer.

(b) If you bet on "red," you win if the ball lands in a red slot. What is the probability of winning?

(c) The slot numbers are laid out on a board on which gamblers place their bets. One column of numbers on the board contains all multiples of 3, that is, 3, 6, 9,, 36. You place a "column bet" that wins if any of these numbers comes up. What is your probability of winning?

Reference no: EM131959471

Questions Cloud

Monopoly and oligopoly market structures : Long-term economic profit are possible in the Monopoly and Oligopoly market structures due to barriers of entry. List two examples of different types of barrier
What is the numerical value of the sample proportion : What are the null and alternative hypotheses H0 and Ha? (f) What is the numerical value of the sample proportion? The P-value is the probability of what event?
Confidence interval for p : Although the samples in national polls are not SRSs, they are similar enough that our method gives approximately correct confidence intervals.
Sketch this normal curve and use : The sampling distribution of the proportion p^ of your sample who say "Yes" is approximately Normal with mean 0.35 and standard deviation 0.01.
Probability of any one of the 38 possible outcomes : (a) What is the probability of any one of the 38 possible outcomes? Explain your answer.
Probability of a head in tossing : What probability doesn't say. The probability of a head in tossing a coin is 1/2. This means that as we make more tosses
Next card dealt in the same hand : He remembers what you said and assumes that the next card dealt in the same hand is equally likely to be red or black. Is the gambler right or wrong, and why?
Sample of corporate executives : A recent study of the relationships between social activity and education for a sample of corporate executives. Based on the analysis, what can be concluded
Mdr and tdr limits for a conventional loan : Based on the MDR and TDR limits for a conventional loan, does she qualify for the loan?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd