A gambler plays roulette 2500 times, staking $1 on the number 10 each time. The bet pays 35 to 1, and the gambler has 1 chance in 38 to win. In 2500 plays, the expected net gain is $. In other words, the gambler can expect to lose about $ in 2500 plays. Your answers should be integers with no decimals. Using the short-cut formula, the SD of the box is $. Your answer must be correct to the nearest cent and must be in the format A.BC where A, B and C are integers. The standard error(SE) for the sum of 2500 draws from this box is $. Your answer should be an integer with no decimals. Thus, in summary, the gambler will lose $, give or take $ or so.
A gambler plays roulette 2500 times, staking $1 on the number 10 each time. The bet pays 35 to 1, and the gambler has 1 chance in 38 to win. In 2500 plays, the expected net gain is $. In other words, the gambler can expect to lose about $ in 2500 plays. Your answers should be integers with no decimals. Using the short-cut formula, the SD of the box is $. Your answer must be correct to the nearest cent and must be in the format A.BC where A, B and C are integers. The standard error(SE) for the sum of 2500 draws from this box is $. Your answer should be an integer with no decimals. Thus, in summary, the gambler will lose $, give or take $ or so.
Chapter7: Systems Of Equations And Inequalities
Section7.2: Systems Of Linear Equations: Three Variables
Problem 60SE: In a bag, a child has 325 coins worth $19.50. There were three types of coins: pennies, nickels, and...
Related questions
Question
QUESTION 6
-
A gambler plays roulette 2500 times, staking $1 on the number 10 each time. The bet pays 35 to 1, and the gambler has 1 chance in 38 to win.
In 2500 plays, the expected net gain is $. In other words, the gambler can expect to lose about $ in 2500 plays. Your answers should be integers with no decimals.
Using the short-cut formula, the SD of the box is $. Your answer must be correct to the nearest cent and must be in the format A.BC where A, B and C are integers.
The standard error(SE) for the sum of 2500 draws from this box is $. Your answer should be an integer with no decimals.
Thus, in summary, the gambler will lose $, give or take $ or so.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Recommended textbooks for you
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt