In a game, the gamer wins 20 dollars if s/he gets the number "6" facing up in rolling a fair die; s/he needs to pay c dollars otherwise. The gamer decided to continue playing the game until s/he wins twice. If the expected gain of the gamer is 0 dollars, what is the value of c? c = _1

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A: We have given that Probability of winning = 1/38 Probability of losing = 1 -1/38 = 37/38 The…

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A: It is given that the probability of the winning the game is 1/38. Therefore, the probability of…

Q: the game of​ roulette, a player can place a ​$5 bet on the number 28 and have a 138 probability of…

A: Given data: probability of winning = 1/38 To calculate: Find the expected value​ E(x) to the player…

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Q: A game is played using one fair 6-sided die. If the die is rolled and shows 5, the player wins…

A: Given that, A game is played using one fair 6-sided die. when a die is rolled and shows 5, the…

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Q: An insurance company sells a $10,000 one-year term life insurance policy to a customer at an annual…

A: The amount of insurance is $10000. The amount of premium is $290. The probability that the person…

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Q: In the game of​ roulette, a player can place a $6 bet on the number 24 and have a 1/38 probability…

A: The probability that balls lands on number 34 in game of roulette is 138. Then the probability of…

Q: A game is played by rolling the die once. A player wins 50 Php if 1 turns up, 20 php if a perfect…

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Q: In the game of roulette, a player can place a $8 bet on the number 5 and have a probability of…

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Q: In a lottery game, a player picks six numbers from 1 to 26. If the player matches all six numbers,…

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Q: In the game of roulette, a player can place a $4 bet on the number 8 and have a probability of…

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Q: An archer hits a bull's-eye with a probability of 0.09, and the results of different attempts can be…

A: Solution: 2. Let X be the number of bull’s eyes scored and n be the sample number of arrows. From…

Q: In the game of​ roulette, a player can place a ​$5 bet on the number 28 and have a 138 probability…

A: Given: The winning amount of the player is $175. The probability of winning the game is 1/38

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A: From the provided information, A player picks 6 number from 1 to 29. If the player matched all 6…

Q: 2. Suppose Crescent Tigers are raising money for Wrestling team by selling raffle tickets worth $4…

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Q: In the game of​ roulette, a player can place a ​$6 bet on the number 30 and have a 138 probability…

A: Solution: Let  x is the gain to a player in a game of​ chance.  The possible values of x are -6 and…

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A:

Q: In the game of roulette, a player can place a $6 bet on the number 3 and have a a probability of…

A: Expected value: E(x) = 210(1/38) + (-6)37/38= (210-222)/38 = -12/38 = -$0.3158

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A: Here expected value is in lossing way it is in negative form  -0.3298

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Q: In a game of one-spot Keno, a card is purchased for $2.00. It allows a player to choose one number…

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Q: A part-time employee works for 1, 2 or 3 hours per day, each with a probability of 1/3. The number…

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Q: In the game of roulette, a player a can place a $8 bet on the number 6 and have a 1/38 probability…

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A: It is given that if a player placed a bet of $6 on number 3 and ball land of number 3, player keep…

Q: In the game of roulette, a player can place a $9 bet on the number 16 and have a 38 probability of…

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Q: A weighted die has probability 0.102 of landing on a 6. If you roll the die until you get a 6 for…

A: It is given that the probability of getting a 6 is 0.102.

Q: 28 The probability that a 50-year-old man will survive a fixed length of time is 0.995. An insurance…

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Q: Suppose a life insurance company sells a ​$250,000 ​1-year term life insurance policy to a…

A: It is given that probability that the female survives is 0.999544.

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Q: The ten-year survival rate for bladder cancer, when a patient is properly treated, is 55%. If twelve…

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Q: Suppose that a couple eats out 3 times a week 10% of the time, eats out 2 times a week 20% of the…

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Q: A company makes bobble head dolls. One out of every 5 is faulty, but the company doesn't know which…

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Q: In the game of roulette, a player can place a $8 bet on the number 10 and have a 1/38 probability of…

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Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.