11. If a gambler places a bet on the number 7 in roulette, he or she...
11. If a gambler places a bet on the number 7 in roulette, he or she has a 1/38 probability of winning.
a. Find the mean and standard deviation for the number of wins of gamblers who bet on the number 7 two hundred and fifty times.
b. Would 0 wins in two hundred and fifty bets be an unusually low number of wins?
Homework Answers
Add Answer to:
11. If a gambler places a bet on the number 7 in roulette, he
or she...
If a gambler places a bet on the number 7 in roulette he or she has...
If a gambler places a bet on the number 7 in roulette he or she has a 1/38 probability of winning a. Find the mean and standard deviation for the number of wins of gamblers who bet on the number 7 two hundred and forty times b. Would 0 wins in two hundred and forty bets be an unusually low number of wins? a. The value of the mean is u = 6.3 (Round to one decimal place as needed.)...
If a gambler places a bet on the number 7 in roulette, he or she has...
If a gambler places a bet on the number 7 in roulette, he or she has a 1/38 probability of winning. Find the mean and standard deviation for the number of wins of gamblers who bet on the number 7 one hundred and seventy times The value of the mean is μ=___?
24. A gambler decides to bet on the first 12 numbers on a roulette table. There...
24. A gambler decides to bet on the first 12 numbers on a roulette table. There are 12 chances in 38 to win. This bet pays 2 to 1. The gambler bets $3 on each play and plays 190 times. (a) (4 points) Construct a box model for one bet. (b) (2 points) Compute the expected value for the sum of all 190 plays (c) (3 points) Compute the standard error for the sum of all 190 plays. (d) (5...
(5.31) A roulette wheel has 38 slots, of which 18 are black, 18 are red, and...
(5.31) A roulette wheel has 38 slots, of which 18 are black, 18 are red, and 2 are green. When the wheel is spun, the ball is equally likely to come to rest in a any of the slots. Gamblers can place a number of different bets in roulette. One of the simplest wagers chooses red or black. A bet of $1 on red will pay off an additional dollar if the ball lands in a red slot. Otherwise, the...
9. A gambler plays roulette conservatively: she bets on black every time, which gives her probabil-...
9. A gambler plays roulette conservatively: she bets on black every time, which gives her probabil- ity 18/38 of winning on each spin. Define a random sequence Xn = the number of wins she has after the nth spin for n = 1, 2, 3, .... (a) Is Xn a discrete-space or continuous-space sequence? (b) Sketch two possible sample functions (sequences) for n = 1, ..., 10. (c) What is the probability distribution of Xn for fixed n?
2. (From the Fall 2017 takehome.) In American roulette, a roulette wheel with 38 possible outcomeste...
2. (From the Fall 2017 takehome.) In American roulette, a roulette wheel with 38 possible outcomeste numbers 1 to 36, "0", and "00" is spun. As the wheel spins, players makes bets on which number the ball w land on. Eventually the wheel stops, and a ball lands randomly on one of the 38 numbers, with an equal probability for each one. A statistics professor's father bets that the wheel wil land on one of the numbers from 1 to...
In the game of roulette, a player can place a $99 bet on the number 11...
In the game of roulette, a player can place a $99 bet on the number 11 and have a (1/38) probability of winning. If the metal ball lands on 11 the player gets to keep the $9 paid to play the game and the player is awarded an additional $315. Otherwise, the player is awarded nothing and the casino takes the player's $9. What is the expected value of the game to the player? If you played the game 1000...
A gambler plays roulette 100 times betting $1 on two numbers, 7 and 11, each time. If the ball la...
Please answer a-f. Thanks!
A gambler plays roulette 100 times betting $1 on two numbers, 7 and 11, each time. If the ball lands on either 7 or 11 then gambler wins $17, if the ball lands on any of the other 36 numbers the gambler loses $1. The roulette wheel has 38 slots numbered 1-36, 0, and 00 a) Which is the appropriate box model? The box has 38 tickets: 1 marked "7" and 1 marked "11" and the...
A roulette wheel has 38 slots, numbered 0, 00, and 1 to 36. The slots 0...
A roulette wheel has 38 slots, numbered 0, 00, and 1 to 36. The slots 0 and 00 are colored green, 18 of the others are red, and 18 are black. The dealer spins the wheel and at the same time rolls a small ball along the wheel in the opposite direction. The wheel is carefully balanced so that the ball is equally likely to land in any slot when the wheel slows. Gamblers can bet on various combinations of...
When playing roulette at a casino, a gambler is trying to decide whether to bet $20 on the number 13 or to bet $20 that the outcome is any one of the three possibilities 00 comma 0 comma or 1. The...
When playing roulette at a casino, a gambler is trying to decide whether to bet $20 on the number 13 or to bet $20 that the outcome is any one of the three possibilities 00 comma 0 comma or 1. The gambler knows that the expected value of the $20 bet for a single number is negative $ 1.05. For the $20 bet that the outcome is 00 comma 0 comma or 1, there is a probability of StartFraction 3...
If a gambler places a bet on the number 7 in roulette he or she has a 1/38 probability of winning a. Find the mean and standard deviation for the number of wins of gamblers who bet on the number 7 two hundred and forty times b. Would 0 wins in two hundred and forty bets be an unusually low number of wins? a. The value of the mean is u = 6.3 (Round to one decimal place as needed.)...
24. A gambler decides to bet on the first 12 numbers on a roulette table. There are 12 chances in 38 to win. This bet pays 2 to 1. The gambler bets $3 on each play and plays 190 times. (a) (4 points) Construct a box model for one bet. (b) (2 points) Compute the expected value for the sum of all 190 plays (c) (3 points) Compute the standard error for the sum of all 190 plays. (d) (5...
9. A gambler plays roulette conservatively: she bets on black every time, which gives her probabil- ity 18/38 of winning on each spin. Define a random sequence Xn = the number of wins she has after the nth spin for n = 1, 2, 3, .... (a) Is Xn a discrete-space or continuous-space sequence? (b) Sketch two possible sample functions (sequences) for n = 1, ..., 10. (c) What is the probability distribution of Xn for fixed n?
2. (From the Fall 2017 takehome.) In American roulette, a roulette wheel with 38 possible outcomeste numbers 1 to 36, "0", and "00" is spun. As the wheel spins, players makes bets on which number the ball w land on. Eventually the wheel stops, and a ball lands randomly on one of the 38 numbers, with an equal probability for each one. A statistics professor's father bets that the wheel wil land on one of the numbers from 1 to...
Please answer a-f. Thanks!
A gambler plays roulette 100 times betting $1 on two numbers, 7 and 11, each time. If the ball lands on either 7 or 11 then gambler wins $17, if the ball lands on any of the other 36 numbers the gambler loses $1. The roulette wheel has 38 slots numbered 1-36, 0, and 00 a) Which is the appropriate box model? The box has 38 tickets: 1 marked "7" and 1 marked "11" and the...
Most questions answered within 3 hours.
-
A z-score
communicates a raw score’s "relative standing"
under the normal curve in relation to:
asked 3 minutes ago -
An object is vibrating on a spring with the following equation
of motion:
?=(30 ??)cos((2?)/(160)?)
a)...
asked 2 minutes ago -
Vulcan Flyovers offers scenic overflights of Mount St. Helens,
the volcano in Washington State that explosively...
asked 4 minutes ago -
If organizations do not adapt fast enough and move incrementally
from the twentieth-century model to the...
asked 5 minutes ago -
A helium balloon with 2.5L of gas has a gauge pressure of 10,000
Pa. The balloon...
asked 9 minutes ago -
What is responsible for Jupiter's enormous magnetic field?
asked 25 minutes ago -
At the end of the year, a company offered to buy 5,000 units of
a product...
asked 26 minutes ago -
Implement C++ program for each of the following.
Let D = [-48, -14, -8, 0, 1,...
asked 46 minutes ago -
Consider a labor market in which LD = 400 – 4W and LS = 250 +...
asked 1 hour ago -
Let’s say you are teaching a typically-developing young child
how to eat with a spoon. Describe...
asked 44 minutes ago -
Ask Your Teacher A toy gun uses a spring to project a 5.6-g soft
rubber sphere...
asked 56 minutes ago -
*****DO NOT ANSWER THIS QUESTION IF YOU DON'T
KNOW*******
Question - PERSONAL DEVELOPMENT ESSAY and Detailed...
asked 1 hour ago