Mathematics, 23.04.2020 01:11 chrisd2432
A roulette wheel used in a U. S. casino has 38 slots of which 18 are red, 18 are black, and 2 are green. A roulette wheel used in a French casino has 37 slots, of which 18 are red, 18 are black, and 1 is green. A ball is rolled around the wheel and ends up in one of the slots with equal probability. Suppose that a player bets on red. If a $1 bet is placed, the player wins $1 if the ball ends up in a red slot. (The player’s $1 bet is returned.) If the ball ends up in a black or green slot, the player loses $1. Find the expected value of this game to the player in a. The United States. b. France.
Answers: 2
Mathematics, 21.06.2019 20:10
A. use the formula for continuous compounding with the original example: $1000 invested at 2% for 1 year. record the amount to 5 decimal places. use a calculator. b. compare it to the result using the original compound interest formula with n = 365 calculated to 5 decimal places. which has a larger value? explain.
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Mathematics, 21.06.2019 20:30
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Mathematics, 21.06.2019 23:40
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A roulette wheel used in a U. S. casino has 38 slots of which 18 are red, 18 are black, and 2 are gr...
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