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What is the chance of an individual winning

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Reference no: EM131975164

Use the following information to answer questions 24-25:

Chance of winning $100 or more on a type of type A casino slot machine is 3.3%, when playing the maximum bet for one hour. While the chance of winning $100 or more on a type of type B casino slot machine is 2.3%, when playing the maximum bet for one hour. Assume the betting events are independent.

1) What is the chance of an individual winning more than $200 dollar in 2 hours playing the type A slot machine?

A. 0.0005

B. 0.0011

C. 0.0462

D. 0.0231

2) What is the chance of winning $200 or more after playing casino slot machine A for an hour then playing casino slot machine B for an hour?

A. 0.0463

B. 0.0237

C. 0.0225

D. 0.0008

3) What is the probability that neither of two individuals playing slot machine A for an hour? win $100?

A. 0.4561

B. 0.9700

C. 0.9350

D. 0.9980

Reference no: EM131975164

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