document.write( "Question 1195441: You have $5 to place on a bet in the Golden Nugget casino in Las Vegas. Craps: Bet on the “pass line” in the dice game of craps. craps, The probability of losing $5 is 251/495 and the Probability of making a net gain of $5 is 244/495. ODDS are 1:1\r
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document.write( "Find your expected value if you bet $5 on the pass line.
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document.write( "0.07
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document.write( "$5.00
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document.write( "-0.07
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document.write( "-$5.00 \n" );
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Algebra.Com's Answer #827926 by greenestamps(13200)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "Multiply the probability of each outcome times the gain or loss for that outcome and add the results. \n" ); document.write( " \n" ); document.write( "That's -7/99 of a dollar, or -$0.07 to the nearest cent. \n" ); document.write( "ANSWER: -$0.07 \n" ); document.write( " \n" ); document.write( " |