In this activity, you are investigating the financial viability of the martingale betting strategy that was introduced in class.
Recall how a martingale works. You place a bet on any "even money" event (that is, a wager where winning means gaining the money bet). If you win, you stop — you have won money. If you lose, you keep doubling the bet until you win, and then stop. Your winnings will cover the previous losses. Unfortunately, a long losing streak means that you run out of money and can no longer bet – hence losing a lot.
Balph Snerdwell has $31 in his wallet. He is going to be betting on red or black, at the roulette table. Recall that, in an American casino, there are 38 numbers — 18 red and 18 black (plus 0 and 00). So Balph has an 18/38 probability of winning, each time he bets.

a) Balph plays a martingale — doubling his bet after each loss. What’s the maximum number of times he can lose? Why?

b) Recall that Balph might win a dollar from playing a martingale … or he might lose all $31 in his wallet. What’s the probability that he wins a dollar? That he loses everything?

c) And so, what is the expected value of Balph’s net winnings, from one martingale?

d) Sometimes Balph will bet only one dollar. But sometimes he will bet three dollars (if he loses, then wins). Or seven dollars (lose, lose, win). Or some other amount. What are the possible values for total amount wagered? Their probabilities? Therefore, what is the expected value of the numbers of dollars wagered?

e) In Part D you found how much money Balph won, on average. In Part E, you found how much money Balph bet, on average. How much did Balph win, per dollar bet? (Does this number look familiar?)



The answers are:
b) 0.9596, 0.0404
c) expected value of dollars won = -$0.29236
d) expected value of dollars wagered = $5.55475

Can someone please break it down and explain how they got the answers

The vertical distance between the two points given are (2, 11/3) and (2, -4/3) is 5 units.

The two points given are (2, 11/3) and (2, -4/3). These points have the same x-coordinate of 2, which means they lie on a vertical line. The vertical distance between the two points is simply the difference between their y-coordinates.

So, the vertical distance between the two points is:

11/3 - (-4/3) = 15/3 = 5

This means that if we were to draw a line segment connecting the two points, the length of the segment would be 5 units, and the segment would be parallel to the y-axis.

To learn more about distance click on,

https://brainly.com/question/31278456

#SPJ1

It will take approximately 7 weeks for the insect population to surpass 16,000. Option D.

To determine the number of weeks it will take for the population to surpass 16,000, we need to find the value of t when P exceeds 16,000. Let's set up the equation:

16,000 = 15,000 + 2500 x sin(πt/52)

Subtracting 15,000 from both sides:

1,000 = 2500 x sin(πt/52)

Dividing both sides by 2500:

0.4 = sin(πt/52)

To solve for t, we need to find the inverse sine of both sides of the equation:

πt/52 = arcsin(0.4)

t = (52/π) x arcsin(0.4)

t ≈ (52/π) x 0.4115

t ≈ 6.6 weeks

Therefore, it will take approximately 7 weeks for the insect population to surpass 16,000.

More on algebraic expressions can be found here: https://brainly.com/question/2945451

#SPJ1

Answer: The concept of statistical independence is fundamental to statistical hypothesis testing. In hypothesis testing, we aim to assess whether there is evidence to support a claim or hypothesis about the relationship between variables in a population. The concept of statistical independence allows us to quantify the degree to which variables are related or dependent on each other.

Statistical independence refers to the absence of a relationship between two variables. When two variables are statistically independent, the occurrence or value of one variable provides no information or predictive power about the occurrence or value of the other variable. In other words, knowledge about one variable does not affect our ability to predict or infer the other variable.

Hypothesis testing involves comparing observed data to a null hypothesis, which assumes that there is no relationship or effect between the variables of interest. By assuming statistical independence under the null hypothesis, we establish a baseline against which we can evaluate the observed data and determine whether it provides evidence to reject or accept the null hypothesis.

When conducting statistical analysis, we use various statistical tests and measures to assess the likelihood of observing the data if the null hypothesis were true. If the observed data is highly unlikely under the assumption of independence (i.e., the p-value is below a predetermined significance level), we reject the null hypothesis and conclude that there is evidence of a relationship or dependence between the variables.

However, it's important to note that statistical analysis alone cannot definitively prove or establish causal relationships or dependence between variables. Statistical dependence refers to the presence of a relationship or association between variables, but it does not provide information about the direction or underlying mechanisms of the relationship.

Researchers typically focus on statistical independence rather than statistical dependence because independence is the default assumption when testing hypotheses. By assuming independence, researchers can rigorously evaluate whether the observed data provides evidence to reject the null hypothesis and support the claim of a relationship or effect between variables. Additionally, focusing on independence allows researchers to identify and investigate deviations from independence, which can reveal meaningful patterns, relationships, or dependencies that may exist in the data.

Answer:

A. Using the commutative property

Step-by-step explanation:

Because there is no use of commutative property in the solution process.

Answer:

A) Using Commutative property

Step-by-step explanation:

In step 1, it used distributive property when the number 5 is distributed inside of the equation in the parenthesis.

In Step 4, dividing both sides by 10 to further simplify the equation

In step 2, you combined like terms and it results to the equation in step 3

The function y=x+3 has the greatest y intercept.

The slope intercept form of a line is y=mx+b, where m is slope and b is the y intercept.

The given function is y=x, it has y intercept which is zero

The given function is y=-x, it has y intercept which is zero

Function is y=x+3, it has y intercept which is three

Function is y=2x, it has y intercept which is zero

Hence, the function y=x+3 has the greatest y intercept.

To learn more on slope intercept form click:

https://brainly.com/question/9682526

#SPJ1

Answer: 216

Step-by-step explanation:

592-376

592-300= 292

292-70= 222

222-6= 216

The circle graph percentage is solved and the measure of ∠KL = 54° and the measure of ∠LMJ = 198°

Given data ,

Let the circle graph gives the percentage of students who favor the different lunch menus offered by the school cafeteria

Now , the measures of the angles are given by

The measure of ∠KL = 15 %

15 % ( 360 ) = 54°

Therefore , the measure of ∠KL = 54°

And , the measure of ∠LMJ = ( 24 % + 21 % ) of 360

The measure of ∠LMJ = 198°

Hence , the circle graph percentage is solved

To learn more about circle click :

https://brainly.com/question/28391204

#SPJ1

A graph of the image of the figure after a reflection across the x-axis is shown below.

In Mathematics and Geometry, a reflection over or across the x-axis is represented by this transformation rule (x, y) → (x, -y).

This ultimately implies that, a reflection over or across the x-axis would maintain the same x-coordinate while the sign of the y-coordinate changes from positive to negative or negative to positive.

By applying a reflection over or across the x-axis to triangle GLQ, we have;

(x, y)                →      (x, -y)

G (3, 4)             →      (3, -(4)) = G' (3, -4)

L (1, 2)                →     (1, -(2)) = L' (1, -2).

Q (4, -1)              →      (4, -(-1)) = Q' (4, 1)

Read more on reflection here: brainly.com/question/27912791

#SPJ1

The slope of the graph f(x) = (1/3)x + 4 is less than the slope of g(x) = 4x-1

f(x) = 1/3 x + 4

g(x) = 4x - 1

The equation of line is given by y = mx +c

On comparing both equation with y = mx + c

m is the slope of the line and c is the intercept of the equation

Let the slope of f(x) is m₁

In f(x) =1/3 x + 4

m₁ = 1/3 = 0.33

Let the slope of g(x) is m₂

In g(x)  = 4x - 1

m₂ = 4

m₁ < m₂

slope of f(x) is less than slope of g(x)

To know more about slope click here :

https://brainly.com/question/19131126

#SPJ1

The length of the side of the square in simplest form is 2sqrt(14).

The area of a square is given by the formula [tex]A = s^2[/tex], where A is the area and s is the length of a side.

We are given that the area of the square is 56 units, so we can set up the equation:

[tex]56 = s^2[/tex]

To solve for s, we can take the square root of both sides of the equation:

sqrt(56) = [tex]sqrt(s^2)[/tex]

We can simplify the square root of 56 by factoring it:

sqrt(56) = sqrt(222*7) = 2sqrt(14)

So, we have:

2sqrt(14) = s

This is an improper fraction because the numerator is larger than the denominator. Therefore, the length of the side of the square in simplest form is 2sqrt(14).

For such more questions on side of a square

https://brainly.com/question/23761891

#SPJ11

The total amount to each person end up paying $20.54.

To find the total amount each person will pay, first calculate the 20% tip on the total bill and then divide the sum by the number of people.

To split the bill evenly among Raphael and his four friends, we first need to find the total cost including the 20% tip.

The tip is 20% of the original bill, which is equivalent to 0.20 x $85.60 = $17.12.

Therefore, the total cost of the bill with the tip is $85.60 + $17.12 = $102.72.

To split this evenly among the five people, we divide by 5:

$102.72 ÷ 5 = $20.54

So each person will end up paying $20.54.

20% of $85.60 is ($85.60 * 0.20) = $17.12

Add the tip to the total bill:

$85.60 + $17.12 = $102.72

Divide the total amount by the number of people (5): $102.72 / 5 = $20.54

Therefore, the answer is B. $20.54.

For similar question on total amount:

https://brainly.com/question/11807738

#SPJ11

The coefficient matrix A represents a system of linear equations that has a unique solution.

In a system of linear equations, the unique solution exists when the coefficient matrix has full rank and the determinant of the matrix is non-zero.

The other coefficient matrices listed do not have these properties.

1.  [[6, 0, - 2]

     - 2, 0, 6

        1, - 2, 0]

has a determinant of zero, indicating that the system of equations is dependent and does not have a unique solution.

Similarly, the matrices

[5, 10, 5

 4, 1, 4

- 1, - 2, - 1]

and, [2, 0, - 2

        - 7, 1, 5

          4, - 2, 0]

also do not satisfy the conditions for a unique solution.

Therefore, the coefficient matrix A represents a system of linear equations that has a unique solution.

Learn more about Matrix here:

https://brainly.com/question/29132693

#SPJ1

Answer:

y is 0,3

Step-by-step explanation:

To find the x-intercept, substitute in

0

for

y

and solve for

x

. To find the y-intercept, substitute in

0

for

x

Answer:

(0,3)

Step-by-step explanation:

Two methods:

Method 1:  General method for any equation

Method 2: Method specific for parabolas in standard form

Method 1:  General method for any equation

For any two-variable equation to be graphed, the y-intercept is the point where the graph crosses the y-axis.  The y-axis is a vertical line through the origin (0,0).

Any y-intercept is on that line, and to get to that point starting from the origin, one can't travel left or right to get to the y-intercept point (without moving back to the y-axis).  The only movement would be up or down.

Since no left-right movement will happen, the x-coordinate is zero.

For any two-variable equation, the x and y coordinates of any point on the graph are linked by the equation.  If it is known that the x-value is zero, the y-value associated with that x-value is given by substituting zero into the equation everywhere there is an "x", and solving for "y".

[tex]y=-4x^2-x+3[/tex]

[tex]y=-4(0)^2-(0)+3[/tex]

Order of operations requires exponents before multiplication, or addition & subtraction...

[tex]y=-4(0)-(0)+3[/tex]

multiplication...

[tex]y=0-0+3[/tex]

addition & subtraction, from left to right...

[tex]y=3[/tex]

So, when the x-value is zero, the y-value is three.  Therefore, the ordered pair representing that point is (0,3).

Method 2: Method specific for parabolas in standard form

The given equation is the equation for a parabola (as stated in the question), and it is given in "standard form": [tex]y=ax^2+bx+c[/tex], where a, b, and c are real numbers (and a isn't equal to zero, because then the x-squared term would be zero, and the equation would really just be a linear equation).

Note that for our equation, it is in standard form if we rewrite the equation to only use addition, [tex]y=-4x^2+-1x+3[/tex], where [tex]a=-4, ~b=-1 ~ \text{and}~c=3[/tex]

For a parabola in standard form, the y-intercept is always at a height of "c".

So, the y-intercept would be (0,3).

The probability that exactly 1 buyer would prefer green P ( A ) = 0.1854

Given data ,

A researcher wishes to conduct a study of the color preferences of new car buyers

And , 30 % of this population prefers the color green

where 20 buyers are randomly selected

Now , binomial distribution problem with n = 20, p = 0.30 and we want to find the probability of exactly 1 buyer preferring green.

The formula for the probability mass function of a binomial distribution is:

P(X = k) = (n choose k) * p^k * (1-p)^(n-k)

where (n choose k) = n! / (k! * (n-k)!)

Plugging in the values, we get:

P(X = 1) = (20 choose 1) * 0.30¹ * 0.70¹⁹

= 20 * 0.30 * 0.70¹⁹

= 0.1854 (rounded to four decimal places)

Hence , the probability that exactly 1 buyer would prefer green is 0.1854

To learn more about binomial distribution click :

https://brainly.com/question/29350029

#SPJ1

The given function does not have an end behavior because it is not a polynomial function.

The end behavior of a function refers to how the function behaves or approaches as the input values (x-values) of the function become extremely large (approaching positive infinity) or extremely small (approaching negative infinity).The long term behavior of the function when x moves towards the ends of the coordinate plane can be predicted.

In a polynomial function, the leading coefficient and degree of the function often determine the polynomial function.

The given function is;

f(x) = 2x² - 5 / x² - 1

The end behavior of this function does not exist because this is not a polynomial.

Learn more on end behavior of polynomial here;

https://brainly.com/question/29795631

#SPJ1

The required reference angle of 13π/8 is 3π/8.

The reference angle of an angle in standard position is the positive acute angle formed between the terminal side of the angle and the x-axis.

Given an angle of 13π/8, we can determine its reference angle as follows:

Angle: 13π/8

Since the angle is in the fourth quadrant, we subtract it from 2π (one full revolution) to find the reference angle:

Reference angle: 2π - 13π/8 = 3π/8

Therefore, the reference angle of 13π/8 is 3π/8.

For more information on reference angles, you can visit brainly.com/question/30741629.

#SPJ1

The length of side CB to one decimal place is 89.3.

To find the length of side CB in the given triangle, we can use the sine rule. The sine rule states that in a triangle, the ratio of the length of a side to the sine of its opposite angle is constant.

In this case, we have the angle C as 53° and the side opposite to it, side CB, as the unknown. Let's denote the length of side CB as x.

According to the sine rule:

sin(C) / x = sin(A) / AB

We know that angle A is 37° and AB is 120 units. Plugging in the values:

sin(53°) / x = sin(37°) / 120

To find x, we can rearrange the equation:

x = (120 * sin(53°)) / sin(37°)

Calculating this expression gives us:

x ≈ 89.32

Rounding this value to one decimal place, the length of side CB is approximately 89.3.

For more such questions on decimal,click on

https://brainly.com/question/28393353

#SPJ8

Based on a system of equaitons, the initial opening fee (one-time payment) is $5.00, the monthly maintenance fee is $11.00, while an equation that models Adam's fees over time in months, x is y = 11x + 5.

A system of equations or simultaneous equations are two or more equations solved concurrently or at the same time.

An equation is a mathematical statement showing the equality or equivalence of two or more algebraic expressions.

While algebraic expressions combine variables with numbers and mathematical operands, equations use the equal symbol (=).

Total Fees after x months

x = # of months    y = total fees ($)

2                                      27

3                                      38 (11 x 3 + 5)

4                                      49 (11 x 4 + 5)

5                                     60

Let w = the monthly maintenance fee

Let z = the one-time opening fee

5w + z = 60 ... Equation 1

2w + z = 27 ... Equation 2

Subtract Equation 2 from Equation 1:

3w = 33

w = 11

b) The monthly maintenance fee is $11.00.

a) The initial (one-time) opening fee is $5.00.

z = 60 - 55

= 5

c) The total fees after x months is y = 11x + 5.

Thus, the one-time opening fee and the monthly maintenance fee can be computed using a system of equations.

Learn more about system of equations at https://brainly.com/question/13729904.

#SPJ1

The trigonometric relations are solved and equation is A = 3/4

Given data ,

Let the trigonometric relation be represented as A

Now , the value of A is

A = Tan²60° × Sin60° x Tan30° x Cos²45°

On simplifying the equation , we get

Tan²60° = 3

Sin60° = √3/2

Tan30° = 1/√3

And , Cos²45° = 1/2

Now , the equation is A = 3 x √3/2 x 1/√3 x 1/2

A = 3/4

Hence , the trigonometric equation is solved and A = 3/4

To learn more about trigonometric relations click :

https://brainly.com/question/14746686

#SPJ1

Answer:

$280

Step-by-step explanation:

7•40=$280

Answer:

[tex]a_{n}=a_{1} r^{n-1}[/tex]

[tex]a_{n}=5 (2)^{n-1}[/tex]

The point that lies in the solution set of (x - 2)²/25 + (y + 3)²/4 < 1 is B. (3, –2.5)

From the question, we have the following inequality expression that can be used in our computation:

(x - 2)²/25 + (y + 3)²/4 < 1

Also, we have

A. (4, –0.5)

B. (3, –2.5)

C. (–2.5, 4)

D. (–4.5, –3)

Next, we test the options as follows

A. (4, –0.5)

(4 - 2)²/25 + (-0.5 + 3)²/4 < 1

1.7225 < 1  -- false

B. (3, –2.5)

(3 - 2)²/25 + (-2.5 + 3)²/4 < 1

0.1025 < 1   -- true

Hence, the point that lies in the solution set is B. (3, –2.5)

Read more about inequality at

https://brainly.com/question/30994664

#SPJ1

Answer:18

Step-by-step explanation:

Answer:

3/4

Step-by-step explanation:

NW is 45° counterclockwise (anticlockwise) to North

If she turns 45° anticlockwise she will be facing directly west

If she turns another 180° anti clockwise, she will be facing east

To fact NE she must turn another 45°anticlockwise

Total anti-clockwise turn in degrees = 45 + 180 + 45 = 270°

One complete turn is 360°

So the total turn Miko made as a fraction of a complete turn
= 270/360

= 3/4

The volume of the triangular prism is V = 18ft³

The volume of the prism is equal to the area of the triangular face, times the length of the prism, which is 9ft.

Remember that the area of a triangle of base B and height H is:

A = B*H/2

Here we can see that the base is 2ft and the height is 2ft, then the area of the triangular face is:

A = 2ft*2ft/2 = 2ft²

And thus, the volume of the prism is:

V = 2ft²*9ft

V = 18ft³

Learn more about volume at:

https://brainly.com/question/1972490

#SPJ1

The probability of a student chosen at random playing an instrument other than the guitar is 29/45.

To calculate the probability of a student playing an instrument other than the guitar, we need to determine the total number of students who play instruments other than the guitar and the total number of students in the middle school.

In the seventh grade, the number of students playing instruments other than the guitar is 3 (bass) + 10 (drums) + 5 (keyboard) = 18.

In the eighth grade, the number of students playing instruments other than the guitar is 3 (bass) + 6 (drums) + 2 (keyboard) = 11.

The total number of students playing instruments other than the guitar is 18 + 11 = 29.

Now, let's calculate the total number of students in the middle school by summing up the number of students in each grade:

Seventh grade: 12 (guitar) + 3 (bass) + 10 (drums) + 5 (keyboard) = 30

Eighth grade: 4 (guitar) + 3 (bass) + 6 (drums) + 2 (keyboard) = 15

The total number of students in the middle school is 30 + 15 = 45.

Therefore, the probability of a student chosen at random playing an instrument other than the guitar is 29/45.

for such more question on probability

https://brainly.com/question/13604758

#SPJ11

Answer: A) [tex]f(x)=\frac{6x^2-x+4}{2x^2-1}[/tex]

Step-by-step explanation:

Line [tex]y=L[/tex] is a horizontal asymptote of the function [tex]y=f(x)[/tex], if either [tex]\lim_{x \to \infty} f(x)=L[/tex] or [tex]\lim_{x \to \infty} f(x)=L[/tex], and [tex]L[/tex] is finite.

calculate the limits:

[tex]\lim_{x \to \infty} (\frac{6x^2-x+4}{2x^2-1})=3[/tex]

[tex]\lim_{x \to -\infty} (\frac{6x^2-x+4}{2x^2-1})=3[/tex]

Thus, the horizontal asymptote is [tex]y=3[/tex]

The type of model that best fits the situation of a $500 raise in salary each year is a linear model.

In a linear model, the dependent variable changes a constant amount for constant increments of the independent variable.

In the given case, the dependent variable is the salary and the independent variable is the year.

You may build a table to show that for increments of 1 year the increments of the salary is $500:

Year         Salary        Change in year         Change in salary

2010           A                           -                                       -

2011           A + 500     2011 - 2010 = 1          A + 500 - 500 = 500

2012          A + 1,000   2012 - 2011 = 1          A + 1,000 - (A + 500) = 500

So, you can see that every year the salary increases the same amount ($500).

In general, a linear model is represented by the general equation y = mx + b, where x is the change of y per unit change of x, and b is the initial value (y-intercept).              

In this case, m = $500 and b is the starting salary: y = 500x + b.

The measure of an interior angle is 140°.

The number of sides that this polygon has is 9 sides.

In Mathematics and Geometry, the measure of the sum of the angles of a convex quadrilateral, pentagon, and a nonagon is equal to 360 degrees. This ultimately implies that, the sum of all the exterior angles of a regular polygon must add up to 360 degrees.

Mathematically, the exterior angle of a regular polygon can be calculated by using this mathematical equation:

Exterior angle = 360/number of sides

40 = 360/number of sides

Number of sides = 360/40

Number of sides = 9 sides.

Additionally, the measure of each interior angle of a regular polygon can be calculated by using this mathematical equation:

Interior angles = [180 × (n - 2)]/n

Interior angles = [180 × (9 - 2)]/9

Interior angles = 1,260/9

Interior angles = 140°

Read more on regular polygon here: brainly.com/question/20911145

#SPJ1