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    Slot Machine Probability

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    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.

    © BrainMass Inc. brainmass.com June 3, 2020, 5:13 pm ad1c9bdddf
    https://brainmass.com/statistics/probability/slot-machine-probability-18830

    Solution Preview

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

    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

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