Answer:
Check the explanation
Step-by-step explanation:
let the money on bet is X.
probability of winning =18/38=9/19
probability of losing =(1-9/19)=10/19
expected outcome =probability *return =(
Expected value of return after one bet is =(9/19*x)-(10/19*x)=-1x/19
it is negative which is obvious cause casinos are there to earn money.
a) Our best strategy in this case as probability of winning is near by 50 %, we should place a bet of 1 $ each,and when we lose one bet consecutively we should bet twice the amount..
Cause two consecutive losses on black has less probability.
c) In case we have to reach 30 $ we have to use the same strategy as above.
Answer:
-15.3, -15.1, -12.3, -11.4, -11.4, 19.6
Step-by-step explanation:
Answer:
14.5 × 3.18 - 14.5 x 1.88
You paid $18.85 more in june than in February
Step-by-step explanation:
In order to find the answer to this question you will need to find how much you paid in June and how much you paid in February.
ex.14.5 x 3.18 - 14.5 x 1.88
To solve this you need to find the product of 14.5 x 3.18 and 14.5 x 1.88 and then subtract them from eachother.
ex.14.5 x 3.18 =46.11
14.5 x 1.88=27.26
46.11-27.26=18.85