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Slot Machine Probability

A slot machine in Reno costs $1 to play. If the jackpot is $1,000 and the expected value is $ - 0.50 find the probability of winning.

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Since we don't know the distribution of probability, we have to assume it is normally distributed. ...

Solution Summary

A slot machine in Reno costs $1 to play. If the jackpot is $1,000 and the expected value is $ - 0.50 find the probability of winning.

$2.19