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Probability Help |
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| Jun9-12, 07:32 PM | #1 |
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Probability Help
In a betting game a player gets to 3 chances to play after betting 6 dollars. The player must roll a 4 on a die. If he doesn't he loses. If he does then he can advance to the next round where he can then draw 3 cards from a deck of 8 consisting of 2 kings, two queens, two jacks and 2 jokers. If he draws the 2 jokers then he wins the game (does't matter what the third card is). The prize for winning the game is 30 dollars plus the 6 he originally used to play the game. So in total 36 dollars.
a) what's the probability of rolling a 4? is it 1/6? b) what's the probability of drawing 2 jokers? is it (2C2)(6C1)/(8C2) which is, 6/28 c) what is the probability of winning? is it (1/6)(6/28) which is 1/28 ? d) What is the expected value of one bet? is it E(x)= ( ∑ xi)(P(x))=((-6.00)(27/28))((30.00)(1/28)) = -1215/196 dollars? e) Calculate his expected number of wins in those 3 trails is it (3)(1/28) ? |
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| Jun10-12, 06:15 PM | #2 |
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Recognitions:
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E(x)= ∑ xi P(xi) |
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