Probablility gambling question

  • Thread starter Dell
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The sum of the four paths will be the total probability of winning one game and losing one game.In summary, a man walks into a casino and randomly chooses one of two slot machines with chances of winning at 0.4 and 0.3 respectively. If he wins, he plays a second game on the same machine and if he loses, he switches to the other machine. To calculate the probability of winning one game and losing one game, a tree diagram with four possible paths must be considered. By multiplying the probabilities along each path and adding the results, the total probability can be determined.
  • #1
Dell
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a man walks into a casino and sees 2 slot machines, he randomly chooses one.
the chance of winning on machine 1 is 0.4
the chance of winning on machine 2 is 0.3
if the man wins he plays a second game on the same machine, if he loses he changes to the other machine

what is the probability of him winning one game and losing one game

what i have been doing up till this question was building a tree diagram with the possibilities

A-win in first round
B-win in second round

since he randomly chooses a machine i have a 50/50 chance of playing on either machine

the problem is that i haven't dealt with such a large tree yet,

i think I am looking for P(A/[tex]\bar{B}[/tex])+P([tex]\bar{A}[/tex]/B)+P(B/[tex]\bar{A}[/tex]) +P([tex]\bar{B}[/tex]/A) and i need to do this for each of the 2 machines

but i don't get the right answer, in fact i get something bigger than 1
 
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  • #2
at each branch node, the sum of the probabiltys on each branch should be 1.

Multiply the probabilty along a path to get the result, which has to be <1 as all the multpliers are <1.

the first choice will be which machine to start at, as its random, it will be P=0.5 for each machine
 
  • #3
but i have 2 possible paths, win1-loss2 win2-loss1
do i add the results?
 
  • #4
There are four paths to consider, not 2:
(1) Win on machine 1, then lose on machine 1
(2) Lose on machine 1, then win on machine 2
(3) Win on machine 2, then lose on machine 2
(4) Lose on machine 2, then win on machine 1

The probability for (1) is (.4)(.6) and the probability of (2) is (.6)(.3). Since the probability of starting on machine 1 is .5, add those two numbers and multiply by .5.

Do the same for (3) and (4)
 

Related to Probablility gambling question

What is probability gambling?

Probability gambling is a type of gambling where the likelihood of an event occurring is used to determine the outcome of a bet. It involves calculating and understanding the chances of a certain outcome happening, and using that information to make informed bets.

How is probability used in gambling?

Probability is used in gambling to determine the likelihood of a certain outcome occurring. It helps players make decisions on which bets to place, as well as understanding the potential risks and rewards of each bet.

What is the difference between odds and probability in gambling?

Odds and probability are often used interchangeably in gambling, but they have different meanings. Probability is the likelihood of an event occurring, while odds represent the ratio of the chances of something happening compared to the chances of it not happening.

How can I improve my chances of winning in gambling?

There is no guaranteed way to win in gambling as it is largely based on chance. However, you can improve your chances of winning by understanding probability, making informed bets, and setting a budget and sticking to it.

What is the role of luck in gambling?

Luck plays a significant role in gambling as it ultimately determines the outcome of each bet. However, understanding probability and making informed bets can help increase your chances of winning, even when luck may not be on your side.

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