Solution) Finding expected value in craps When you give a casino $5 for a bet on the “pass line” in the game o


Question: Finding expected value in craps

When you give a casino $5 for a bet on the “pass line” in the game of craps, there is a 244/495 probability that you will win $5 and a 251/495 probability that you will lose $5. What is your expected value? In the long run, how much do you lose for each dollar bet?

Price: $2.99
Solution: The solution consists of 1 page
Deliverables: Word Document

log in to your account

Don't have a membership account?
REGISTER

reset password

Back to
log in

sign up

Back to
log in