a player should be willing to pay any fixed amount per game for the privilege of .. This method of calculation of the expected value is frequently very useful. . Thus the probability of winning is 5 /11 and the probability of losing is 6 /11. .. provided the reader with a strategy for playing the popular casino game of blackjack.
2 Calculate each of the following. a 1 -2 × 1 - 6 -d (1)2 6 b 1 -2 + 1 - 6 -e 4 To ﬁnd the probability of obtaining a Tail on the coin and a 5 on the die, .. Find the probability that it is: a either a black jack or a red ace b .. We have a number of formulas which are used to calculate what particular bets will pay ;.
of 6 numbers from 49 in a lottery draw can lead to a very large number of different outcomes; stock or .. calculation is made easier by pretending the objects can be distinguished. (a) 3 out of 5 customers pay by credit card Note: For many casino games (roulette, blackjack) there are bets for which your probability.