- A You Decide To Bet 1 On Yo 11 Fill In The Probability Distribution For Your Profit Outcome Words Profit Probabi 1 (63.32 KiB) Viewed 35 times
a. You decide to bet $1 on "yo 11”. Fill in the probability distribution for your profit. Outcome (Words) Profit Probabi
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a. You decide to bet $1 on "yo 11”. Fill in the probability distribution for your profit. Outcome (Words) Profit Probabi
a. You decide to bet $1 on "yo 11”. Fill in the probability distribution for your profit. Outcome (Words) Profit Probability Yo- 15-1 = 14 B (6,5),(50) 2 36 to not you1 0-1=-1 1-76 = 1773 b. Find the expected value of your profit (give 3 decimal places) 0.722 = PCX ) 4x - x -+3 = 0,722 -13 c. What is the house edge (write as a percent) TY exp profit 0.739 X 100% 267.221 d. If you bet $100 on "yo 11", how much would you expect to gain or lose?. gitalbet Candy a House edge a e. Explain why this is not a fair game