What is the probability that the player wins a game of craps

Reference no: EM131028223

Following is a description of the game of craps. A player rolls two dice and computes the total of the spots showing. If the player's first toss is a 7 or an 11, the player wins the game. If the first toss is a 2, 3, or 12, the player loses the game. If the player rolls anything else (4, 5, 6, 8, 9 or 10) on the first toss, that value becomes the player's point. If the player does not win or lose on the first toss, he tosses the dice repeatedly until he obtains either his point or a 7. He wins if he tosses his point before tossing a 7 and loses if he tosses a 7 before his point. What is the probability that the player wins a game of craps?

Reference no: EM131028223

Questions Cloud

Problem regarding the federal income tax return : Many college students choose not to file a federal income tax return (!) assuming that the income taxes withheld by employers "probably" will cover their tax liability. Is such an assumption correct?

What were economic profits : Ralph's Travel Agency had accounting profits of $50,000 and implicit costs of $30,000. What were economic profits?

What is the effect on project npv : What is the effect on project NPV, if variable costs increase to 70% of sales? (Do not round intermediate calculations. Enter your answer in millions rounded to 3 decimal places. Enter your answer as the absolute value of the change.)

Evaluate primary source based on historical accuracy : For this essay you will: Find a fictional primary source that is a representation of a historical event or time period, Reflect on primary source and Evaluate primary source based on historical accuracy/authenticity

What is the probability that the player wins a game of craps : If the player does not win or lose on the first toss, he tosses the dice repeatedly until he obtains either his point or a 7. He wins if he tosses his point before tossing a 7 and loses if he tosses a 7 before his point. What is the probability th..

Use of technology in developing countries-what challenges : What opportunities do you see for the use of technology in developing countries? What challenges? Use specific examples discovered in your readings or research during this course.

What is probability that the series lasts exactly five games : A Model for the World Series Two teams A and B play a series of games until one team wins four games. We assume that the games are played independently and that the probability that A wins any game is p. What is the probability that the series las..

Risky assets such as the stock market : "Young people with little wealth should not invest money in risky assets such as the stock market, because they can't afford to lose what little money they have." Do you agree or disagree with this statement? Why?

User Account

All Pages