Suppose a Slot Machine Has an Expected Payout of

question 14

Multiple Choice

Suppose a slot machine has an expected payout of .95 cents on the dollar, meaning for every dollar you play, you get 95 cents back.What is your expected value for the amount lost per dollar played on this machine?

• A)$0.95
• B)-$0.05
• C)-$1.00
• D)The entire jackpot, if you play long enough.

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Definitions:

Biological Organization

A hierarchical structure that organizes different aspects of life, from atoms to biosphere, to study life's complexity and processes in an orderly manner.

Organ Systems

Groups of organs that work together to perform complex functions in an organism.

Ecosystem

A community of living organisms and their physical environment interacting as a system.

Physical Environment

The external surroundings and conditions in which an organism lives, including both natural and man-made factors.