Keno. Keno is a popular game in casinos. Balls numbered 1 to 80 are tumbled in a
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Keno. Keno is a popular game in casinos. Balls numbered 1 to 80 are tumbled in a machine as the bets are placed, then 20 of the balls are chosen at random. Players select numbers by marking a card. Here are two of the simpler Keno bets. Give the expected winnings for each.
(a) A $1 bet on “Mark 1 number” pays $3 if the single number you mark is one of the 20 chosen; otherwise, you lose your dollar.
(b) A $1 bet on “Mark 2 numbers” pays $12 if both your numbers are among the 20 chosen. The probability of this is about 0.06. Is Mark 2 a more or a less favorable bet than Mark 1?
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Related Book For
Statistics Concepts And Controversies
ISBN: 9781429277761
7th Edition
Authors: David S Moore, William I Notz
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