What is the chance that you come out ahead

Assignment Help Basic Statistics

Reference no: EM131810185

Question: In roulette, the "house special" is a bet on the five pockets 0, 00, 1, 2 and 3. There are 5 chances in 38 to win, and the bet pays 6 to 1. That is, if you place a dollar bet on the house special and the ball lands in one of the five pockets, you lose yours dollar, if you make 3000 one-dollar bets on the house special, approximately what is the chance that you come out ahead?

Reference no: EM131810185

Questions Cloud

What is the required benefit per vehicle : The state highway department uses an interest rate of 6%, and 800 vehicles per day will go over the bridge. What is the required benefit per vehicle to justify

What is the local eac of each alternative : What is the local EAC of each alternative? What is the overall EAC for each? Is the preferred alternative different for local and national interests?

Complete consolidated financial statements for year ended : Required: Complete the following worksheet for consolidated financial statements for the year ended December 31, 20X2

Subsidizing first costs for alternative energy usage : A state program is subsidizing first costs for alternative energy usage. Carla and Charlie are the owners of a small architectural and engineering firm

What is the chance that you come out ahead : In roulette, the "house special" is a bet on the five pockets 0, 00, 1, 2 and 3. There are 5 chances in 38 to win, and the bet pays 6 to 1.

Role in changing depreciation methods and stakeholders : ACC701 - analyse how they apply to the given situation. Specific research supporting recommendations need to be provided and

Journalize the transactions in denvers general journal : Purchased computer equipment at a cost of $9,000, signing a six-month, 6% note payable for that amount.

How much toll should be charged for each crossing : If the interest rate is 10% and 25,000 vehicles per day travel over the bridge, how much toll should be charged for each crossing?

What is the chance of overloading the elevator : A new elevator in a large hotel is designed to carry about 30 people, with a total weight of up to 5000 ibs. More than 5000ibs. Overloads the elevator.

User Account

All Pages