Craps: In the game of craps, you may bet $1 that the next roll of the dice will be an 11. If the dice come up 11, your profit is $15. If the dice don't come up 11, you lose $1. The probability that the dice come up 11 is 1/18. What is the expected value of your profit? Is it an expected gain or an expected loss?
Answer to relevant QuestionsLooking for a job: According to the General Social Survey conducted at the University of Chicago, 59% of employed adults believe that if they lost their job, it would be easy to find another one with a similar salary. ...Find the area: Find the area under the standard normal curve a. To the left of z .= 035 b. To the right of z = —1.56 c. Between z= 0.35 and z = 2.47 Find the z-score: Find the zscore for which the area to its right is 0.89. Explain why P(a < X < b) is equal to P(a 5 × 5 b) when X is a continuous random variable. Make a boxplot of the pressures for the second sample. Is the method appropriate for the second shipment?
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