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Our math teacher gave each of us in the class a set of
Our math teacher gave each of us in the class a set of questions dealing with probabilities etc Each one of us got a series of questions relating to Casino wagering etc. Heres the question; You have a… read more
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In a betting market with two horses, A and , and two bettors,
In a betting market with two horses, A and B, and two bettors, 1 and 2. Each bettor has wealth w. Bettor 1's beliefs are (a1 , b1 ), where the first number in the pair is bettor 1's probability of hor… read more
Dr Arthur Rubin
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Multiple Choice. Make sure to show work where appropriate. 1)
Multiple Choice. Make sure to show work where appropriate. 1) Which of the following events are mutually exclusive? A) being a mother and being an uncle B) living in Baltimore and working in Washingto… read more
Stevewh
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FOR SCOTT ONLY: Finished 71 of 2,300 participants in Event
FOR SCOTT ONLY: Finished 71 of 2,300 participants in Event No 19 at the World Series of Poker. I would like to you to do this for me in Baccarat: Add Hedge No. 6 To be called the Triple Swap. Example … read more
Scott
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Hi Steve I have about 25 questions I need answers to dealing
Hi Steve I have about 25 questions I need answers to dealing with Sample Average, SE Formulas, and the accuracy of averages but I need to complete it in an hr do you think you can help… read more
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Stevewh
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I play roulette with a martingal system, ie bet 5 on
I play roulette with a '' martingal'' system, ie bet 5 on black if i lose bet 10 lose again 20 and so on. when black does eventualy hit i break even. I works great for about 5 steps or losses in a row… read more
Tom
Tom
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Flip a coin 13 times. If you get 7 tails or less, I will pay
Flip a coin 13 times. If you get 7 tails or less, I will pay you $16. Otherwise you pay me $36. If you play this game 861 times, how much would you expect to win or lose? Enter the amount you would ex… read more
Osbert12
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HELLO SCOTT!!! I need help on some math questions please!!!!
HELLO SCOTT!!! I need help on some math questions please!!!! #1)The diameters of ball bearings produced in a manufacturing process can be described using a uniform distribution over the interval 2.5 t… read more
Scott
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Hello Mr. Osbert, could you please check these problems out
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Can you knock this out real quick It is due tonight...Please
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Scott
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BINOMIAL DISTRIBUTION 10) Assume that when a blackjack deck
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BINOMIAL DISTRIBUTION 9) You have seen 12 cards from a 52-card
BINOMIAL DISTRIBUTION 9) You have seen 12 cards from a 52-card blackjack deck. The crads seen are the dealer's ace now showing, 4 face cards (10, J, Q or K), and 7 other low cards (9 or lower). a) Is … read more
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Hello! Please show your work! A game is played by flipping
Hello! Please show your work! A game is played by flipping three coins. If all three coins land heads up you win $15. If two coins land heads up you win $5. If one coin lands heads up you win $2. If n… read more
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Playing craps 6 & 8s... How can you lose lets say you put
Playing craps 6 & 8s... How can you lose? lets say you put 10 dollars down (5.00 on 6 & 5.00 on 8). Well according to the odds, you have a better chance of landing a 6 or 8 than you do a 7. Here's the… read more
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Assumption The chance of a Banker win in the game of Baccarat
Assumption: The chance of a Banker win in the game of Baccarat is .5068; the chances of two Banker wins in a row is .5068 x .5068 or .2568462. 1. Is it correct to say that the chances of the occurrenc… read more
Scott
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Week 5 1. Explain in your own words the law of large numbers.
Week 5 1. Explain in your own words the law of large numbers. Provide an example to illustrate. 2. Explain in your own words, using the definition of probability why: a) the probability of an event th… read more
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Scott
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Ive got sort of a stats question, that I think is basic statistics...
I've got sort of a stats question, that I think is basic statistics... but I can't remember anything from my basic course in college: - So an acquaintance wants to sell his house via "raffle." He's se… read more
Elizabeth
Elizabeth
Master's Degree
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1) A game operator at the county fair claims the odds of winning
1) A game operator at the county fair claims the odds of winning his coin toss game are 80% what is the probability of winning? 2) In the game triple flip, the player flips a fair coin three times. If… read more
Chirag
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