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Bonus 2: There are 3 prisoners, A, B, and C. You must collect data from each station in order to answer the questions. Find the Expected Gain per play. Exam 1 for Math Multinomial Distribution - Woolf Casino -. Upload document Create flashcards. If this number is even, then you draw a card from the deck. Source:Wikipedia Basic Rules: To play the game, each player is dealt 2 cards face-up. Study lib. He then gave the contestant the option of sticking with the door she had originally selected or switching to the other, unrevealed, door. You must then decide to Stick or Switch. Much of blackjack's popularity is due to the mix of chance with elements of skill, and the publicity that surrounds card counting keeping track of which cards have been played since the last shuffle. What is the probability that you would roll again after your first roll? You will get a chance to simulate playing several casinotype and other popular games of chance. Documents Last activity. Count the number of heads. Or is it? Add to Add to collection s Add to saved. Casino Lab Probability Models. What would the operator have to charge to make it a fair game? You may wish to fill in the tables below to help you out Related documents. You can add this document to your study collection s Sign in Available only to authorized users. One such bonus was a to-1 payout if the player's hand consisted of an ace and a black Jack either the Jack of clubs or the Jack of spades. Suppose you play two games. E-learning and Education Departments. The dealer also receives 2 cards, one face-down and one face-up. Simulate the game 20 times. Do you agree or disagree? But behind the other two were rather undesirable prizes -- say goats. Pick a strategy and use it on 10 trials. Casino stations are set up around the room. Regardless of what you originally choose, what is P Car if you Switch? That is, What is P win 8? Add this document to saved.{/INSERTKEYS}{/PARAGRAPH} AP Statistics Casino Lab 7 2. What are the expected gain and standard deviation of the total amount gained for the two games? Random variables are the raw material for statistical inference. Download advertisement. Show work. Is it better to Switch or to Stay? In many casinos, the dealer must hit until he or she has at least The main pockets, numbered from 1 to 36, alternate between red and black, but the pockets are not in numerical order around the wheel, and there are instances of consecutive numbers being the same color. Flashcards Last activity. Bonus 1: A woman and a man who are unrelated each have two children. The question is, is it better to stick with your original guess, or should you switch to the remaining door? {PARAGRAPH}{INSERTKEYS}For complaints, use another form. That is, what is P 19 red in 38 spins? Suppose one card is dealt face-down and one card is face-up. Deal a hand, check the result, and record whether or not it was a true blackjack, or twenty-one. Repeated Addition Coverall. While some individuals walk away quite wealthy, most leave a little or a lot less wealthy than when they entered. What is the probability that you would obtain a sum of 7 or a sum of 11 on the first roll? If the number is 0, you lose. Consider the following tree diagram. Casinos rely on the laws of probability and expected values of random variables to guarantee profits. Winnings 2. Add this document to collection s. Suppose you roll a sum of 8 on your first roll. We have been studying random variables for some time, but we made them the center of our attention in Chapter 7. The contestant selected a door. At the end of each show, the contestant who had won the most money was invited to choose from among three doors: Door 1, Door 2, or Door 3. Repeat 10 times. There is also a green pocket numbered 0 and a second green pocket marked Note whether or not you win. 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