Find the expected value.
-In a large casino, the house wins on one of its games with a probability of 51,000%. All bets are 1 : 1 . If you win, you gain the amount you bet; if you lose, you lose the amount you bet.
If patrons bet a total of $900,000 on this game in one evening, how much should the casino expect
To earn?
A) $917,100,000
B) $459,000,000
C) $1.10052e+09
D) $458,550,000
Correct Answer:
Verified
Q55: Solve the problem.
-Find the odds for drawing
Q56: Find the expected value.
-Experience shows that a
Q57: Solve the problem. Round your answer to
Q58: Solve the problem.
-There are 7 finalists
Q59: Solve the problem.
-There are 5 members on
Q61: Find the indicated probability. Round your answer
Q62: Use the at least once rule to
Q63: Find the expected value.
-An insurance company will
Q64: Solve the problem.
-A local department store sells
Q65: Find the indicated probability. Round your
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents