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A slot machine in the Suckers Choice Casino accepts dollars. The payouts and probabilities are as follows: Payout $5,000 $20 $10 $5 Probability of Winning
A slot machine in the Suckers Choice Casino accepts dollars. The payouts and probabilities are as follows:
Payout $5,000 $20 $10 $5
Probability of Winning 1/64,0001/2561/1001/16
If the machine is in use 11 hours each day, 365 days each year and the users operate the machine on average every 3 seconds, what is the expected profit per year to the casino operators from the machine?
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