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(Solved): \#23) Use the at least once rule to find the indicated probability. Find the probability of at leas ...
\#23) Use the at least once rule to find the indicated probability. Find the probability of at least one club when you draw cards from a standard deck 8 times; assume that you replace the card each time you draw, so there are always 52 cards to draw from. A) 0.473 B) 0.100 C) 0.900 D) 0.033 \#24) Find the expected value. In a large casino, the house wins on one of its games with a probability of 50.6%. All bets are 1 :1. If you win, you gain the amount you bet; if you lose, you lose the amount you bet. If you play 160 games in an evening, betting \$1 each time, how much should you expect to win or lose? A) Lose $1.92 B) Win $1.92 C) Lose $80.96 D) Win $80.96