A) In a casino game craps, you can bet the next roll of the two dice with
Question:
A) In a casino game craps, you can bet the next roll of the two dice with result in a total of 2. The probability of rolling 2 is 1/36. Find the odds against rolling 2.
B) If you bet $5 that the next roll of the dice will be 2, you will collect $155 (including your $5 bet) if you win. First identify the net profit, then find the payoff odds.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 65% (23 reviews)
A Number of odds 36 1 35 Odds ...View the full answer
Answered By
Arshad Ahmad
Well, I am really new to tutoring but I truly believe a good student can be a better teacher. I have always been a topper at school. I passed my Chartered Accountancy at a very young age of 23, a rare feat for most of the students. I am really dedicated to whatever work I do and I am very strict regarding deadlines. i am always committed and dedicated to whatever work allotted to me and I make sure it is completed well within deadline and also I try to give my best in whatever I do. Hope we will have a good time studying together.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Craps is a dice game in which two fair dice are cast. If the roller shoots a 7 or 11 on the rst roll, he or she wins. If the roller shoots a 2, 3, or 12 on the rst roll, he or she loses. (a) Compute...
-
If the first roll in a game of craps is neither a natural nor craps, the player can make an additional bet, equal to his original one, that he will make his point before a seven turns up. If his...
-
You roll a die. Find each probability. (a) Rolling a 5 or a number greater than 3 (b) Rolling a number less than 4 or an even number (c) Rolling a 2 or an odd number
-
Della Simpson Inc. sells two popular brands of cookies, Dellas Delight and Bonnys Bourbon. Dellas Delight goes through the Mixing and Baking Departments and Bonnys Bourbon, a filled cookie, goes...
-
(a) When can the Federal Trade Commission act against companies? (b) What financial burdens can the FTC place on companies that fail to take reasonable precautions to protect private information?
-
Chapman Company obtains 100 percent of Abernethy Company's stock on January 1, 2017. As of that date, Abernethy has the following trial balance: During 2017, Abernethy reported net income of $80,000...
-
Now look at the latest trends as analyzed in the last section. Why, in your opinion, are Greenfield investments are on the rise? Which other novelties can be expected in the coming years regarding...
-
Suppose that real GDP is currently $17.1 trillion, potential GDP is $17.4 trillion, the government purchases multiplier is 2, and the tax multiplier is 1.6. a. Holding other factors constant, by how...
-
A project costs $166 million to set up, and returns $59 million dollars in each of the first three years of operation. What is the net present value of the project with a discount rate of 4%? Please...
-
Find the price of a 10% coupon bond with a face value of $1000, a 12.25% yield to maturity, and eight years to maturity. Solution The price of the bond is $889.20. To solve using a financial...
-
A couple plans to have 4 children. List the different outcomes according to the gender of each child. Assume that these outcomes are equally likely. 1. How many events are possible? 2. Find the...
-
A supervisor must visit 8 different distribution locations around the country. She can visit them in any order, but wishes to find the most convenient sequence. How many sequences are possible?
-
A 20-cm-diameter cylinder that is 40 cm long contains 50 g of oxygen gas at 20C. a. How many moles of oxygen are in the cylinder? b. How many oxygen molecules are in the cylinder? c. What is the...
-
At March 31, account balances after adjustments for Vizzini Cinema are as follows: Account Balances Accounts Cash Supplies Equipment (After Adjustment) $11,000 4,000 50,000 Accumulated...
-
2. "A student holds a thin aluminum pie pan horizontally 2 m above the ground and releases it. Using a motion detector, she obtains the graph shown in Figure P3.12. Based on her measurements, (a)...
-
Mark has two sticks, 25 inches, and 20 inches. If he places them end-to-end perpendicularly, what two acute angles would be formed when he added the hypotenuse?
-
A wedding website states that the average cost of a wedding is $29,205. One concerned bride hopes that the average is less than reported. To see if her hope is correct, she surveys 36 recently...
-
2. (10 pts each) Use partial fractions decomposition and the tables to find the inverse z- transform of each of the following: a. X(z)= 6z-z z3-4z2-z+4 4z2 b. G(z)=- (z-1) (z-0.5) 3z +1 c. X(z) =...
-
In performance appraisal sessions, my supervisor stresses problem solving rather than criticism. E-27
-
The Thomas Corporation was organized on Jan. 1, 2020. On Dec. 31, 2021, the corporation lost most of its inventory in a warehouse fire before the year-end count of inventory was to take place. just...
-
Describe the brainstorming process. Why is no criticism the number one rule for brainstorming?
-
What are some differences in the analysis for a replacement project versus that for a new expansion project?
-
Distinguish among beta (or market) risk, within-firm (or corporate) risk, and standalone risk for a project being considered for inclusion in a firms capital budget.
-
In theory, market risk should be the only relevant risk. However, companies focus as much on stand-alone risk as on market risk. What are the reasons for the focus on stand-alone risk?
-
Suppose I have computed the cost of carbon per mile for my car at 0 . 0 1 2 per mile. Assume that the interest rate is 4 % and that I drive the car 2 8 , 0 0 0 miles per year. What is the present...
-
Imagine that in stable growth period, the firm earns ROIC of 10% and has after tax EBIT of 200 and reinvestment $ of 40. What is the steady state growth rate? 20% O 10% 2%
-
Tanner-UNF Corporation acquired as a long-term investment $160 million of 5.0% bonds, dated July 1, on July 1, 2021. Company management has the positive intent and ability to hold the bonds until...
Study smarter with the SolutionInn App