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If you have a 62.4 chance of winning but if you lose you lose 2 but if you win you win 1. will you come out on top?
Wiki User
∙ 6y ago
You need to calculate your mathematical expectation.For the winning case, your gain is: 0.624 x 1
For the losing case, your gain is: (1 - 0.624) x (-2)
(So, in each case, probability multiplied by the amount you would win/lose.)
Do the calculations, and add everything up. If the sum is positive, the game is in your favor.
Wiki User
∙ 6y ago
Wiki User
∙ 6y agoAssuming that "62.4 chance" refers to "62.4% chance", then the expected win from each round is -0.128: a loss.
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How many 3 digit numbers can be formed using 2 4 6?
6 numbers:246 264 426 462 624 642
If the lottery is fair what shape of histogram will she get?
In a state lottery, a player can buy a ticket that displays exactly 6 two-digit numbers having values in the range from 01 to 60. In a twice-a-week drawing, 6 numbered ping-pong balls are drawn at random from a hopper, and a ticket whose numbers match all 6 balls wins the jackpot. A high-school statistics student wishes to test whether the lottery drawings are fair. For every drawing during a year, she records the six winning numbers. At the end of the year (after 104 drawings) she plots all the winning numbers with a histogram using the classes 01-10, 11-20, 21-30, 31-40, 41-50, and 51-60. If the lottery is fair, what shape of histogram will she get? Uniform --------------------------- Theoretically, each bar of the histogram should have the same length, if the ball-drawing process is truly random. In this case, 104 x 6 = 624 numbers are drawn over the course of the year. Since the numbers are classed into 6 groups (of 10 each), each group should have about 104 numbers in it. In fact, from simulations of this lottery, the heights of the bars representing a year of drawings will typically range from about 93 to about 119. The "Law of Large Numbers" says that the more times this experiment is repeated, the closer the average height of each bar will approach the theoretical value of 104 .
What is the fraction of 624?
624 = 624/1
Where did the title for the Chicago song 25 or 624 come from?
Time of day - approximately 25 (or 26) minutes to 4 AM Title is 25 or 6 to 4 - not 25 or 624
What is 624-379?
624-379 = 245
What is 624 and divide28?
624 and divide28 = 22.285714285714285
What is 624 divided by 6?
104
Is 624 divisible by 4 and 8?
Yes, because 624/4 = 156 and 624/8 = 78
What is 624 divided by 4?
156
Is 624 a divisor of 6?
No, but six is a divisor of 624.
What is 624 plus 813?
624 + 813 = 1437
What is 1872 divided by 3?
624
Is 312 a factor or multiple of 624?
It is a factor of 624.
What is 624-335?
959
