Gambler expected net gain
Someone is going to play roulette 270 times, betting a dollar on a split each time. A split pays 17 to 1. Find the gambler's expected net gain.
a. $-14.21b. $-0.86c. $14.26d. $-5.26e. $-10.53
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A project team has 5 members whose offices are located in different parts of the building. The chance for each team member to be late for a meeting is 10%. For a meeting to be attended by the 5 team members, find the following: a) What is the prob
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We write the numbers 1 -10 on separate pieces of paper, and put them into a box. A number is drawn from the box. Find the chance that the number is a multiple of 3, given that the number is even.
Net income (or net loss)during 2008, assuming that as of December 31, 2008, assets were$910,000, liabilities were $400,000, and there were no dividendsand no additional capital stock was issued.
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If Rail Freight does submit a bid, it figures to be a bid of about $470,000. Transrail really wants this project and is considering a bid with only a 15% markup to $460,000 to ensure winning regardless of whether or not Rail Freight submits a bid.
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