Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

1.4-13 Tn the gambling game "craps" a pair of dice is rolled and the outcome of the experiment is the sum of the points on the up-sides of the six-sided dice. The bettor wins on the first roll if the sum is 7 or 11. The bettor loses on the first roll if the sum is 2, 3, or 12. If the sum is 4, 5, 6, 8, 9, or 10, that number is called the bettor's "point." Once the point is established, the rule is,

If the bettor rolls a 7 before the "point," the bettor loses; hut if the "point" is rolled before a 7, the bettor wins.

(a) List the 36 outcomes in the sample space for the roll of a pair of dice. Assume that each of them has a probability of 1/36.

(b) Find the probability that the bettor wins on the first roll. That is, fInd the probability of rolling a 7 or ii, P(7 or 11).

(c) Given that 8 is the outcome on the first roll, find the probability that the bettor now rolls the point 8 before rolling a 7 and thus wins. Note that at this stage in the game the only outcomes of interest are 7 and 8. Thus find P(8 | 7 or 8).

(d) The probability that a bettor rolls an 8 on the first roll and then wins is given by P(8)P(8 | 7 or 8). Show that this probability is (5/36)(5/11).

(e) Show that the total probability that a bettor wins in the game of craps is 0.49293.

HINT: Note that the bettor can win in one of several mutually exclusive ways: by rolling a 7 or ii on the first roll or by establishing one of the points 4, 5, 6. 8, 9, or 10 on the first roll and then obtaining that point before a 7 on successive rolls.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91626572
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

Future value of an annuitywhat is the future value of a 470

Future Value of an Annuity What is the future value of a $470 annuity payment over 7 years if the interest rates are 6 percent?

Please explain which formula i should use to complete the

Please explain which formula I should use to complete the following probability question: The probability that a family will buy a vacation home in Miami, malibu, or newport is 0.25, 0.10 and 0.35. What is the probabilit ...

According to the current results website the state of

According to the Current Results website, the state of California has a mean annual rainfall of 21 inches, whereas the state of New York has a mean annual rainfall of 55 inches. Assume that the standard deviation for bot ...

What is the 99 confidence interval for a sample of 52 seat

What is the 99% confidence interval for a sample of 52 seat belts that have a mean length of 85.6 inches long and a standard deviation of 3.8 inches?

Te number of accidents in a day in town a is given by x

The number of accidents in a day in town A is given by X , and the number of accidents in a day in town B is given by  Y . The joint probability function for  X   and  Y Y is  f ( x , y )=964 x ! y !   for  x =0,1,2,3 an ...

Smithco is a supplier to many brand name makers of mobile

SmithCo is a supplier to many brand name makers of mobile phones. SmithCo manufactures the external shells that enclose mobile phones. The strength of a shell is measured by applying increasing pressure to the shell and ...

The weight of the eggs produced by a certain breed of hen

The weight of the eggs produced by a certain breed of hen has an unknown distribution with a mean of 65 grams and a standard deviation of 5 grams. If you purchase 144 eggs, what is the approximate probability that the av ...

A random sample ofnbsp86nbspeighth grade students scores on

A random sample of 86 eighth grade? students' scores on a national mathematics assessment test has a mean score of 292. This test result prompts a state school administrator to declare that the mean score for the? state' ...

Question the probability a beginning golfer makes a good

Question: The probability a beginning golfer makes a good shot if he selects the correct club is 1/3. The probability the shot is good with the wrong club is 1/5. In his bag are four different clubs, only one of which is ...

A machine has four components a b c and d set up in such a

A machine has four? components, A? B, C, and? D, set up in such a manner that all four parts must work for the machine to work properly. Assume the probability of one part working does not depend on the functionality of ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As