Nature of Mathematics (MindTap Course List)
13th Edition
ISBN: 9781133947257
Author: karl J. smith
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Concept explainers
Textbook Question
Chapter 13.4, Problem 44PS
What is the expectation for playing a four-spot Keno and paying $5.00 to play? The payoffs are $565 if you catch four, $15 if you catch four, and $5 if you catch two.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
A restaurant hands out a scratch-off game ticket with prizes being worth purchases at the restaurant.
you are playing a game in which a single die is rolled. if a 2 or a 5 comes up, you win $24, otherwise you lose $3. what is the price that you should pay to play game that would make the game fair?
A game costs $2.00 to play. In the game, the player picks a card at random from a standard deck of cards. If the card is a face card, the player receives $6.00, if the card is not a face card, the player receives nothing.
Chapter 13 Solutions
Nature of Mathematics (MindTap Course List)
Ch. 13.1 - IN YOUR OWN WORDS What is the difference between...Ch. 13.1 - IN YOUR OWN WORDS Define probabilities?Ch. 13.1 - Prob. 3PSCh. 13.1 - Prob. 4PSCh. 13.1 - Prob. 5PSCh. 13.1 - Prob. 6PSCh. 13.1 - Prob. 7PSCh. 13.1 - Prob. 8PSCh. 13.1 - Give the probabilities in Problems 9-11 in decimal...Ch. 13.1 - Give the probabilities in Problems 9-11 in decimal...
Ch. 13.1 - Give the probabilities in Problems 9-11 in decimal...Ch. 13.1 - Prob. 12PSCh. 13.1 - Poker is a common game in which players are dealt...Ch. 13.1 - Poker is a common game in which players are dealt...Ch. 13.1 - Poker is a common game in which players are dealt...Ch. 13.1 - Prob. 16PSCh. 13.1 - Prob. 17PSCh. 13.1 - Prob. 18PSCh. 13.1 - Prob. 19PSCh. 13.1 - Prob. 20PSCh. 13.1 - Prob. 21PSCh. 13.1 - Some numbers are shown in Table 13.1. Explain...Ch. 13.1 - a. One airline has six across seating in coach. If...Ch. 13.1 - A single card is selected from an ordinary deck of...Ch. 13.1 - A single card is selected from an ordinary deck of...Ch. 13.1 - A single card is selected from an ordinary deck of...Ch. 13.1 - A single card is selected from an ordinary deck of...Ch. 13.1 - Suppose that you toss a coin and roll a die in...Ch. 13.1 - Prob. 29PSCh. 13.1 - Suppose that you toss a coin and roll a die in...Ch. 13.1 - Suppose that you toss a coin and roll a die in...Ch. 13.1 - Use the sample space shown in Figure 13.5 to find...Ch. 13.1 - Prob. 33PSCh. 13.1 - Use the sample space shown in Figure 13.5 to find...Ch. 13.1 - Prob. 35PSCh. 13.1 - Prob. 36PSCh. 13.1 - Use the sample space shown in Figure 13.5 to find...Ch. 13.1 - Use the sample space shown in Figure 13.5 to find...Ch. 13.1 - Use the sample space shown in Figure 13.5 to find...Ch. 13.1 - Suppose you and an opponent each pick one of the...Ch. 13.1 - Suppose you and an opponent each pick one of the...Ch. 13.1 - Prob. 42PSCh. 13.1 - Prob. 43PSCh. 13.1 - Suppose you and an opponent each pick one of the...Ch. 13.1 - Prob. 45PSCh. 13.1 - Prob. 46PSCh. 13.1 - Suppose you and an opponent each pick one of the...Ch. 13.1 - Perform the experiments in Problems 48-51, tally...Ch. 13.1 - Prob. 49PSCh. 13.1 - Perform the experiments in Problems 48-51, tally...Ch. 13.1 - Perform the experiments in Problems 48-51, tally...Ch. 13.1 - Prob. 52PSCh. 13.1 - Suppose it is certain that an earthquake will...Ch. 13.1 - Dice is a popular game in gambling casinos. Two...Ch. 13.1 - In dice, a pair of ones is called snake eyes. What...Ch. 13.1 - Consider a die with only four sides, marked one,...Ch. 13.1 - The game of Dungeons and Dragons uses nonstandard...Ch. 13.1 - A mad scientist has captured you and is showing...Ch. 13.2 - Level 1 IN YOUR OWN WORDS True or false? In...Ch. 13.2 - Level 1 IN YOUR OWN WORDS True or false? An...Ch. 13.2 - Prob. 3PSCh. 13.2 - Prob. 4PSCh. 13.2 - Prob. 5PSCh. 13.2 - Prob. 6PSCh. 13.2 - Level 1 Use estimation to select the best response...Ch. 13.2 - Level 1 Use estimation to select the best response...Ch. 13.2 - Prob. 9PSCh. 13.2 - Level 1 Use estimation to select the best response...Ch. 13.2 - Level 1 Use estimation to select the best response...Ch. 13.2 - Level 1 Use estimation to select the best response...Ch. 13.2 - Level 1 Suppose that you roll two dice. You will...Ch. 13.2 - Level 1 A magazine subscription service is having...Ch. 13.2 - Level 1 A box contains one each of 1,5,10,20, and...Ch. 13.2 - Level 1 A box contains one each of 1,5,10,20, and...Ch. 13.2 - Level 1 Suppose that you have 5 quarters, 5 dimes,...Ch. 13.2 - Level 1 A game involves tossing two coins and...Ch. 13.2 - Level 1 Krinkles potato chips is having a Lucky...Ch. 13.2 - Level 1 A punch-out card contains 100 spaces. One...Ch. 13.2 - Level 2 What is the expectation for the 1 bets in...Ch. 13.2 - Prob. 22PSCh. 13.2 - Prob. 23PSCh. 13.2 - Prob. 24PSCh. 13.2 - Level 2 What is the expectation for the 1 bets in...Ch. 13.2 - Prob. 26PSCh. 13.2 - Prob. 27PSCh. 13.2 - Level 2 What is the expectation for the 1 bets in...Ch. 13.2 - Prob. 29PSCh. 13.2 - Prob. 30PSCh. 13.2 - Level 2 Consider the spinners in Problems 31-34....Ch. 13.2 - Prob. 32PSCh. 13.2 - Level 2 Consider the spinners in Problems 31-34....Ch. 13.2 - Level 2 Consider the spinners in Problems 31-34....Ch. 13.2 - Level 2 Assume that a dart is randomly thrown at...Ch. 13.2 - Level 2 Assume that a dart is randomly thrown at...Ch. 13.2 - Level 2 In old gangster movies on TV, you often...Ch. 13.2 - Prob. 38PSCh. 13.2 - Prob. 39PSCh. 13.2 - Level 2 A realtor who takes the listing on a house...Ch. 13.2 - Level 2 An oil-drilling company knows that it...Ch. 13.2 - Level 2 In Problem 41, suppose that the income for...Ch. 13.2 - Level 2 Consider the following game in which a...Ch. 13.2 - Level 2 A game involves drawing a single card from...Ch. 13.2 - Level 2 A company held a contest, and the...Ch. 13.2 - Level 2 A company held a bingo contest for which...Ch. 13.2 - Level 2 Heights in inches obtained by a group of...Ch. 13.2 - Level 2 In a certain school, the probabilities of...Ch. 13.2 - Level 2 Calculate the expectation to the nearest...Ch. 13.2 - Prob. 50PSCh. 13.2 - Prob. 51PSCh. 13.2 - Prob. 52PSCh. 13.2 - Prob. 53PSCh. 13.2 - Prob. 54PSCh. 13.2 - Prob. 55PSCh. 13.2 - Prob. 56PSCh. 13.2 - Problem Solving Level 3 HISTORICAL QUEST The Swiss...Ch. 13.2 - Problem Solving Level 3 HISTORICAL QUEST The Swiss...Ch. 13.2 - Prob. 59PSCh. 13.2 - Prob. 60PSCh. 13.3 - IN YOUR OWN WORDS What is the fundamental counting...Ch. 13.3 - Prob. 2PSCh. 13.3 - Prob. 3PSCh. 13.3 - Prob. 4PSCh. 13.3 - Prob. 5PSCh. 13.3 - Prob. 6PSCh. 13.3 - Which of the following is more probable? A....Ch. 13.3 - Prob. 8PSCh. 13.3 - Which of the following is more probable? A....Ch. 13.3 - Prob. 10PSCh. 13.3 - Find the requested probabilities in Problems...Ch. 13.3 - Prob. 12PSCh. 13.3 - PC ifPC-=913Ch. 13.3 - Prob. 14PSCh. 13.3 - Prob. 15PSCh. 13.3 - Choose a natural number between 1 and 100,...Ch. 13.3 - Three fair coins are tossed. What is the...Ch. 13.3 - Find the probability of obtaining at least one...Ch. 13.3 - What are the odds in favor of drawing an ace from...Ch. 13.3 - What are a four-child familys odds against having...Ch. 13.3 - The probability of drawing a heart from a deck of...Ch. 13.3 - Suppose the probability of an event is 0.80. What...Ch. 13.3 - Prob. 23PSCh. 13.3 - Racetracks quote the approximate odds for each...Ch. 13.3 - Prob. 25PSCh. 13.3 - Suppose the odds are 33 to 1 that someone will lie...Ch. 13.3 - 27. Suppose that a family want to have four...Ch. 13.3 - Prob. 28PSCh. 13.3 - Prob. 29PSCh. 13.3 - Prob. 30PSCh. 13.3 - A single card is drawn from a standard deck of...Ch. 13.3 - A single card is drawn from a standard deck of...Ch. 13.3 - A single card is drawn from a standard deck of...Ch. 13.3 - Prob. 34PSCh. 13.3 - Prob. 35PSCh. 13.3 - A single card is drawn from a standard deck of...Ch. 13.3 - Two cards are drawn from a standard deck of cards,...Ch. 13.3 - Two cards are drawn from a standard deck of cards,...Ch. 13.3 - Two cards are drawn from a standard deck of cards,...Ch. 13.3 - Prob. 40PSCh. 13.3 - Two cards are drawn from a standard deck of cards,...Ch. 13.3 - Two cards are drawn from a standard deck of cards,...Ch. 13.3 - What is the probability of getting a license plate...Ch. 13.3 - What is the probability of getting a license plate...Ch. 13.3 - 45. Consider the following table showing the...Ch. 13.3 - 46. Suppose a single die is rolled. Find the...Ch. 13.3 - Prob. 47PSCh. 13.3 - Prob. 48PSCh. 13.3 - 49. Suppose a pair of dice is rolled. Consider the...Ch. 13.3 - 50. Suppose a pair of dice is rolled. Consider the...Ch. 13.3 - Prob. 51PSCh. 13.3 - Show that the odds against an event E can be found...Ch. 13.3 - Prob. 53PSCh. 13.3 - A sorority has 35 members, 25 of whom are full...Ch. 13.3 - IN YOUR OWN WORDS The odds against winning a...Ch. 13.3 - Prob. 57PSCh. 13.3 - Prob. 58PSCh. 13.3 - Prob. 60PSCh. 13.4 - IN YOUR OWN WORDS What do we mean by independent...Ch. 13.4 - What is the formula for the probability of an...Ch. 13.4 - Prob. 3PSCh. 13.4 - Prob. 4PSCh. 13.4 - Prob. 5PSCh. 13.4 - Prob. 6PSCh. 13.4 - Prob. 7PSCh. 13.4 - Prob. 8PSCh. 13.4 - Prob. 9PSCh. 13.4 - Prob. 10PSCh. 13.4 - Suppose events A, B, and C are independent and...Ch. 13.4 - Suppose events A, B, and C are independent and...Ch. 13.4 - In Problems 13-24, suppose a die is rolled twice...Ch. 13.4 - In Problems 13-24, suppose a die is rolled twice...Ch. 13.4 - In Problems 13-24, suppose a die is rolled twice...Ch. 13.4 - Prob. 16PSCh. 13.4 - Prob. 17PSCh. 13.4 - In Problems 13-24, suppose a die is rolled twice...Ch. 13.4 - Prob. 19PSCh. 13.4 - Prob. 20PSCh. 13.4 - Prob. 21PSCh. 13.4 - Prob. 22PSCh. 13.4 - Prob. 23PSCh. 13.4 - Prob. 24PSCh. 13.4 - Prob. 25PSCh. 13.4 - Prob. 26PSCh. 13.4 - Prob. 27PSCh. 13.4 - Prob. 28PSCh. 13.4 - Prob. 29PSCh. 13.4 - Prob. 30PSCh. 13.4 - Prob. 31PSCh. 13.4 - Prob. 32PSCh. 13.4 - Prob. 33PSCh. 13.4 - Prob. 34PSCh. 13.4 - Prob. 35PSCh. 13.4 - Prob. 36PSCh. 13.4 - A certain slot machine has three identical...Ch. 13.4 - Suppose slot machine has three identical...Ch. 13.4 - Prob. 39PSCh. 13.4 - The one coin payoffs for the slot machine shown in...Ch. 13.4 - A high rollers Keno is offered in which you pay...Ch. 13.4 - A special catch all Keno ticket allows you to play...Ch. 13.4 - What is the expectation for playing Keno by...Ch. 13.4 - What is the expectation for playing a four-spot...Ch. 13.4 - What is the probability of obtaining five tails...Ch. 13.4 - Prob. 46PSCh. 13.4 - Assume a jar has five red marbles and three black...Ch. 13.4 - Suppose that in an assortment of 20 calculators...Ch. 13.4 - a. A game consists of at most three cuts with a...Ch. 13.4 - Prob. 50PSCh. 13.4 - Prob. 51PSCh. 13.4 - Prob. 52PSCh. 13.4 - Prob. 53PSCh. 13.4 - Prob. 54PSCh. 13.4 - Prob. 55PSCh. 13.4 - Prob. 56PSCh. 13.4 - Prob. 57PSCh. 13.4 - Prob. 58PSCh. 13.4 - Prob. 59PSCh. 13.4 - Prob. 60PSCh. 13.5 - Prob. 1PSCh. 13.5 - Prob. 2PSCh. 13.5 - Prob. 3PSCh. 13.5 - Prob. 4PSCh. 13.5 - Prob. 5PSCh. 13.5 - Prob. 6PSCh. 13.5 - Prob. 7PSCh. 13.5 - Prob. 8PSCh. 13.5 - Prob. 9PSCh. 13.5 - Prob. 10PSCh. 13.5 - Prob. 11PSCh. 13.5 - Prob. 12PSCh. 13.5 - Prob. 13PSCh. 13.5 - Prob. 14PSCh. 13.5 - Prob. 15PSCh. 13.5 - Prob. 16PSCh. 13.5 - Prob. 17PSCh. 13.5 - Prob. 18PSCh. 13.5 - Prob. 19PSCh. 13.5 - Prob. 20PSCh. 13.5 - Prob. 21PSCh. 13.5 - Prob. 22PSCh. 13.5 - Prob. 23PSCh. 13.5 - Prob. 24PSCh. 13.5 - Prob. 25PSCh. 13.5 - Prob. 26PSCh. 13.5 - Prob. 27PSCh. 13.5 - Prob. 28PSCh. 13.5 - Prob. 29PSCh. 13.5 - Prob. 30PSCh. 13.5 - Prob. 31PSCh. 13.5 - Prob. 32PSCh. 13.5 - Prob. 33PSCh. 13.5 - Prob. 34PSCh. 13.5 - Prob. 35PSCh. 13.5 - Prob. 36PSCh. 13.5 - Prob. 37PSCh. 13.5 - Prob. 38PSCh. 13.5 - Prob. 39PSCh. 13.5 - Prob. 40PSCh. 13.5 - Prob. 41PSCh. 13.5 - Prob. 42PSCh. 13.5 - Prob. 43PSCh. 13.5 - Prob. 44PSCh. 13.5 - Prob. 45PSCh. 13.5 - Prob. 46PSCh. 13.5 - Prob. 47PSCh. 13.5 - Prob. 48PSCh. 13.5 - Prob. 49PSCh. 13.5 - Prob. 50PSCh. 13.5 - Suppose the people in a room are divided into two...Ch. 13.5 - Prob. 52PSCh. 13.5 - Prob. 53PSCh. 13.5 - Prob. 54PSCh. 13.5 - Prob. 55PSCh. 13.5 - Prob. 56PSCh. 13.5 - Prob. 57PSCh. 13.5 - Prob. 58PSCh. 13.5 - Prob. 59PSCh. 13.5 - Prob. 60PSCh. 13.6 - Level 1. IN YOUR OWN WORDS What is a binomial...Ch. 13.6 - Prob. 2PSCh. 13.6 - Level 1. Find the binomial probabilities in...Ch. 13.6 - Prob. 4PSCh. 13.6 - Prob. 5PSCh. 13.6 - Prob. 6PSCh. 13.6 - Prob. 7PSCh. 13.6 - Prob. 8PSCh. 13.6 - Prob. 9PSCh. 13.6 - Prob. 10PSCh. 13.6 - Level 1. Find the probability of obtaining exactly...Ch. 13.6 - Prob. 12PSCh. 13.6 - Prob. 13PSCh. 13.6 - Prob. 14PSCh. 13.6 - Prob. 15PSCh. 13.6 - Prob. 16PSCh. 13.6 - Prob. 17PSCh. 13.6 - Prob. 18PSCh. 13.6 - Prob. 19PSCh. 13.6 - Prob. 20PSCh. 13.6 - Prob. 21PSCh. 13.6 - Prob. 22PSCh. 13.6 - Level 1. Suppose a jar contains 3 pens: 1 red, 1...Ch. 13.6 - Level 1. Suppose a jar contains 3 pens: 1 red, 1...Ch. 13.6 - Prob. 25PSCh. 13.6 - Level 1. Suppose a jar contains 3 pens: 1 red, 1...Ch. 13.6 - Prob. 27PSCh. 13.6 - Prob. 28PSCh. 13.6 - Prob. 29PSCh. 13.6 - Prob. 30PSCh. 13.6 - Prob. 31PSCh. 13.6 - Prob. 32PSCh. 13.6 - Prob. 33PSCh. 13.6 - Prob. 34PSCh. 13.6 - Prob. 35PSCh. 13.6 - Prob. 36PSCh. 13.6 - Prob. 37PSCh. 13.6 - Prob. 38PSCh. 13.6 - Prob. 39PSCh. 13.6 - Prob. 40PSCh. 13.6 - Level 2. What is the probability that if a pair of...Ch. 13.6 - Level 2. What is the probability that if a pair of...Ch. 13.6 - Prob. 43PSCh. 13.6 - Prob. 44PSCh. 13.6 - Prob. 45PSCh. 13.6 - Prob. 46PSCh. 13.6 - Prob. 47PSCh. 13.6 - Prob. 48PSCh. 13.6 - Prob. 49PSCh. 13.6 - Prob. 50PSCh. 13.6 - Prob. 51PSCh. 13.6 - Prob. 52PSCh. 13.6 - Prob. 53PSCh. 13.6 - Prob. 54PSCh. 13.6 - Prob. 55PSCh. 13.6 - Prob. 56PSCh. 13.6 - Prob. 57PSCh. 13.6 - Prob. 58PSCh. 13.6 - Prob. 59PSCh. 13.6 - Prob. 60PSCh. 13.CR - Prob. 1CRCh. 13.CR - Prob. 2CRCh. 13.CR - Prob. 3CRCh. 13.CR - Prob. 4CRCh. 13.CR - Prob. 5CRCh. 13.CR - Prob. 6CRCh. 13.CR - Prob. 7CRCh. 13.CR - Prob. 8CRCh. 13.CR - Prob. 9CRCh. 13.CR - Prob. 10CRCh. 13.CR - Prob. 11CRCh. 13.CR - Prob. 12CRCh. 13.CR - Prob. 13CRCh. 13.CR - Prob. 14CRCh. 13.CR - The probability that an individual who is selected...Ch. 13.CR - Prob. 16CRCh. 13.CR - Prob. 17CRCh. 13.CR - Prob. 18CRCh. 13.CR - Prob. 19CRCh. 13.CR - Prob. 20CR
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.Similar questions
- In a certain game, points you win are positive numbers and points you lose are negative numbers . What is the value of this series of plays: win 8 , lose 7, win 11 , lose 2?arrow_forwardYou are playing a card game. If you pull an Ace you win $86, if you pull the King of hearts you win $448, if you pull a jack or a queen you win $12, all other pulls you lose. What price should you be charged to make this a fair game? Round your answer to the nearest hundredth.arrow_forwardYou pay $20 to enter a raffle. The first ticket drawn wins $990, the second ticket drawn wins $465, the third through fifth win $203, and the sixth through tenth win $49. Suppose 2032 tickets were sold. What is the expected earning on your ticket?arrow_forward
- You play a game where you roll two dice. It was decided that you lose ₱500 if you get a sum of 3, 6, or 9, and you lose ₱400 if you get a sum of 10. However, you win ₱300 for anything else. If you continue to play the game, how much do you expect to win or lose in the game in the long run?arrow_forwardA player rolls a fair dice and gets "$3 multiplied by the value on the dice" in the case of even outcome and loses "$4 multiplied by the value on the dice" in the case of odd outcome. What's his average payout? Enter the value belowarrow_forwardIn the casino a card game takes 1 dollar bets, players have a 46% chance of winning back their bets plus $1, they also have a 54% chance of losing their bets, what would be the house edgearrow_forward
- What would the owners expected profit or loss be from this game? Give your answer with a dollar sign and include a negative sign out front if needed. Do not round.arrow_forwardIf you were charged $8.00 to play this game, you would on average see a ..... (lose/gain) of ...... per spin.arrow_forwardBilly and Joe are buddies that think they can outsmart the casino by splitting each other’s profits. They decided to play a game by the name of Baccarat. They both have $1200 and their goal is to leave once they double their money. In Baccarat, the Banker's or Player’s hand will win 45% of the time. Ties win 10% of the time. The goal in baccarat is to have the hand you’re betting on, either the player or the banker, be the best hand of the two dealt. The winning hand is the one with a score where the final digit is the closest to nine. Face cards are worth zero, and aces count as one. There are 8 decks in a shoe. Billy and Joe came up with a betting strategy/sequence and assigned “teams”. Billy will ALWAYS bet on “Player” whereas Joe will always bet on “Banker”. The sequence goes as follows: Billy: 12113 Joe: 21221Billy: $100, $200, $100, $100, $300 = $900Joe: $200, $100, $200, $200, $100 = $900The remaining $300 that Billy and Joe have will go towards taking turns on betting $5 on the…arrow_forward
- In the game "Rolling for Rubles", you win $1 for rolling a 1, $2 for a 2 and so on till $6 for rolling a 6. What would be the fair price for a ticket to play this game? $2.50 $3 $4 $4.50 $3.50 None of the other answers is correct.arrow_forwardJac tosses an unbiased coin. If the coin lands with head up on each toss, he wins Php50. However, if it lands with tail up, he loses Php60. If he continues to play the game, how much can he expect to win or lose?arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
- Intermediate AlgebraAlgebraISBN:9781285195728Author:Jerome E. Kaufmann, Karen L. SchwittersPublisher:Cengage LearningAlgebra for College StudentsAlgebraISBN:9781285195780Author:Jerome E. Kaufmann, Karen L. SchwittersPublisher:Cengage Learning
Intermediate Algebra
Algebra
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Cengage Learning
Algebra for College Students
Algebra
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Cengage Learning
Mod-01 Lec-01 Discrete probability distributions (Part 1); Author: nptelhrd;https://www.youtube.com/watch?v=6x1pL9Yov1k;License: Standard YouTube License, CC-BY
Discrete Probability Distributions; Author: Learn Something;https://www.youtube.com/watch?v=m9U4UelWLFs;License: Standard YouTube License, CC-BY
Probability Distribution Functions (PMF, PDF, CDF); Author: zedstatistics;https://www.youtube.com/watch?v=YXLVjCKVP7U;License: Standard YouTube License, CC-BY
Discrete Distributions: Binomial, Poisson and Hypergeometric | Statistics for Data Science; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=lHhyy4JMigg;License: Standard Youtube License