The game of roulette is popular in many casinos around the world. In Las Vegas, a typical roulette wheel has the numbers 1–36 in slots on the wheel. Half of these slots are red, and the other half are black. In the United States, the roulette wheel typically also has the numbers 0 (zero) and 00 (double zero), and both of these are on the wheel in green slots. Thus, there are 38 slots on the wheel. The dealer spins the wheel and sends a small ball in the opposite direction of the spinning wheel. As the wheel slows, the ball falls into one of the slots, and that is the winning number and color. One of the bets available is simply red or black, for which the odds are 1 to 1. If the player bets on either red or black, and that happens to be the winning color, the player wins the amount of her bet. For example, if the player bets $5 on red and wins, she is paid $5 and she still has her original bet. On the other hand, if the winning color is black or green when the player bets red, the player loses the entire bet.
(a) What is the probability that a player who bets red will win the bet?
(b) If a player bets $10 on red every time the game is played, what is the expected monetary value (expected win)?
(c) In Europe, there is usually no 00 on the wheel, just the 0. With this type of game, what is the probability that a player who bets red will win the bet? If a player bets $10 on red every time in this game (with no 00), what is the expected monetary value?
(d) Since the expected profit (win) in a roulette game is negative, why would a rational person play the game?
In: Statistics and Probability
in regards to: INTERNATIONAL BUSINESS ANY INTERNATIONAL REGULATION AND INTERNATIONAL FINANCE WITH TOPIC BEING CENTERED IN BUSINESS FINANCE RESPOND TO THE FOLLWOING QUESTIONS.
Express your thoughts about the national debt, what you think about the debt in other countries, and what you think about private debt.
Explain whether you think there should he international finance regulation.
Describe what you think China’s role will be.
List and explain the challenges that are likely to come in the future.
Explain what you think some of the solutions might be to the European debt crisis.
Describe how you think corporations will respond to those challenges.
In: Finance
Question Preface: Julie, a Physics major, has difficulty believing that psychology is a science, because people cannot observe other people's thoughts and sensations.
Primary Post:In your own words, explain how Edward Titchener and John Watson would have responded to Julie's skepticism regarding psychology's scientific status.
Secondary Post: In your own words, explain the difference between correlational and experimental research.
Reply Post: Make a substantive reply to at least one peer that demonstrates your ability to discuss and analyze the content within this section.
In: Psychology
What could be the impact of COVID 19 on our capital market? Explain all the pros and cons in detail. (I am from Bangladesh so it would be better if I get the answer from Bangladeshi capital market perspective. Thank you)
In: Finance
the impact of changing our current federal tax code to a proportional tax for personal income from the current progressive tax we have currently. What you feel would be the impact on tax revenue, labor supply, etc. Explain in detail.
In: Accounting
1. The novel corona virus that causes Covid 19 has given scientists and especially virologists a great new challenge. Describe the biology of this virus in detail. Then go on to explain fully what you think the first research goal should be and why.
In: Biology
Explain in detail why teenagers are placed in the 'Conventional Moral" stage of Kohlberg’s theory of Moral reasoning. Why do you think they are placed specifically! Reflect on what changes you would need to make to advance to the next stage of moral development.
In: Psychology
Using your dice sample spaces (you have one for totaling the two and one for individual blue and red dice) find the following probabilities.
P(the sum being a multiple of 3) P(odd on red, a 5 on blue)
In: Statistics and Probability
Complete a hypothesis test involving your independent variable. Test the claim
that the mean of your independent variable is different then you
guess (seethe “Set-Up” section of your project for your guess),
using = 0.05.
Note: Because Minitab is using the same screen to perform both C.I.
and H.T., Minitab is asking you to set (1-), the level of
confidence and not the level of significance of the test. If you
want to perform a test at the 0.05 level, you will need to enter
0.95 in Minitab.
State your decision and conclusion using a full sentence and the right units.
Complete a hypothesis test involving your dependent variable. Test the claim that the mean of your dependent variable is smaller than your guess (see the
“Set-Up” section of your project for your guess), using =
0.01.
Note: Because Minitab is using the same screen to perform both C.I.
and H.T., Minitab is asking you to set (1-), the level of
confidence and not the level of significance of the test. If you
want to perform a test at the 0.01 level, you will need to enter
0.99 in Minitab.
State your decision and conclusion using a full sentence and the right units.
data is as follows:
independent is time, temp is dependent
time temp
1 39
2 53
3 48
4 43
5 45
6 60
7 66
8 66
9 63
10 45
11 42
12 73
13 65
14 45
15 45
16 53
17 61
18 75
19 66
20 46
21 56
22 61
23 75
24 55
25 63
26 68
27 46
28 50
29 50
30 53
In: Statistics and Probability
Describe in detail, the AISC Code in your own words.
In: Civil Engineering