sem_8 (Random variable)
sem_8 (Random variable)
Random variable.
10. Karen is interested in two games, Keno and Bolita. To play Bolita, she buys
a ticket for $1, draws a ball at random from a box of 100 balls numbered 1
to 100. If the ball drawn matches the number on her ticket, she wins $75;
otherwise, she loses. To play Keno, Karen bets $1 on a single number that
has a 25% chance to win. If she wins, they will return her dollar plus two
dollars more; otherwise, they keep the dollar. Which of these ones is better?