Confidence in its fairness

Assignment Help Accounting Basics
Reference no: EM131008209

Maryland lottery. For a lottery to be successful, the public must have confidence in its fairness. One of the lotteries in Maryland is Pick-3 Lottery, where 3 random digits are drawn each day.8 A fair game depends on every value (0 to 9) being equally likely at each of the three posi- tions. If not, then someone detecting a pattern could take advantage of that and beat the lottery. To investigate the randomness, we'll look at data collected over a recent 32-week period. Although the winning numbers look like three-digit numbers, in fact, each digit is a randomly drawn numeral. We have 654 random digits in all. Are each of the digits from 0 to 9 equally likely? Here is a table of the frequencies.

Group

Count

%

0

62

9.480

1

55

8.410

2

66

10.092

3

64

9.786

4

75

11.468

5

57

8.716

6

71

10.856

7

74

11.315

8

69

10.550

9

61

9.327

a) Select the appropriate procedure.

b) Check the assumptions.

c) State the hypotheses.

d) Test an appropriate hypothesis and state your results.

e) Interpret the meaning of the results and state a conclusion.

Reference no: EM131008209

Questions Cloud

Relationship between audio and visual elements : Select a piece of audio and produce a visually engaging interpretation of the audio in moving text, rendered as video (a technique you can search for on YouTube or Vimeo called "kinetic typography").
Difference in proportions of buying online : a) Is there evidence that the sex of the person and whether they buy books online are associated? b) If your conclusion in fact proves to be wrong, did you make a Type I or Type II error? c) Give a 95% confidence interval for the difference in propor..
Explain how experiment should done in double-blind fashion : A teaching innovation is to be evaluated by randomly assigning students to either the traditional approach or the new approach. The change in a standardized test score is the response variable. Explain how this experiment should be done in a double..
Composition of the city youth : The New York Civil Liberties Union points out that of 26,181 police officers, 64.8% are white, 14.5% black, 19.1% Hispanic, and 1.4% Asian. Do the police officers reflect the ethnic composition of the city's youth?
Confidence in its fairness : Maryland lottery. For a lottery to be successful, the public must have confidence in its fairness. One of the lotteries in Maryland is Pick-3 Lottery, where 3 random digits are drawn each day.
Report on one soft x-ray synchrotron technique : Report on one soft X-ray synchrotron technique and application of technique and Report on synchrotron radiation fundamentals, including answers to short-answer questions. and can you please use this sources and provide to me which section you used..
Display the data in a two-way table and analyze the data : The nonstudents were a group of individuals who were recruited to attend commercial focus groups on the West Coast conducted by a lifestyle marketing organization. Discuss how the method of selecting the subjects in this study relates to the concl..
What ways do advertisers in magazines use sexual imagery : In what ways do advertisers in magazines use sexual imagery to appeal to youth? One study classi?ed each of 1509 full-page or larger ads as "not sexual" or "sexual," according to the amount and style of the clothing of the male or female model in..
Research aspects of the material - concrete in situ : Understand the interrelationships, behaviour and function of building components in residential buildings- Describe different residential construction systems.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculate the present value for annuity

Calculate the present value for this annuity if interest is compounded semi-annually.

  Tins of italian tomatoes

Luigi owns an Italian restaurant. He has experienced a few problems with recent deliveries from his suppliers and he seeks your advice. (a) He orders 500 tins of Italian tomatoes. The supplier delivers 400 tins of Italian tomatoes and 100 tins of G..

  In a metal fabrication process metal rods are produced to a

in a metal fabrication process metal rods are produced to a specified target length of 15feet.suppose that the lengths

  During the current year george recognizes a 30000 section

during the current year george recognizes a 30000 section 1231 gain on sale of land and a 18000 section 1231 loss on

  From my class assignment the ending retained earnings

from my class assignment the ending retained earnings balance of lambert inc. increased by 1.5 million from the

  Jerold federal income tax

Jerold is the executor of his wife's estate. He maintains the household where he, Travis, and Macy live, and Jerold furnished all of their support. During 2014 and 2015, Travis is a full-time student, while Macy earns $7,000 each year from a part-..

  Setting audit risk at 5 us a valid setting for controlling

setting audit risk at 5 us a valid setting for controlling audit risk at a low level only if the auditor assumes that

  How does a change in sales impact the contribution margin?

How does a change in sales impact the contribution margin? Net income?

  How would you answer your friend

The CEO of Entitled Ltd. has been focused on increasing the size of the firm and maximizing current profits. Your friend, aware of your expertise in the field of finance, asks you if the CEO's actions are creating an agency problem, and if so, ask..

  Should the auditor look for these types of transactions in

tyco is a conglomerate organization that had 36 billion inrevenue. in a court trial it was alleged that the ceo of the

  Information about the operations of the firm

Cost-plus, target pricing, working backward. The new CEO of Radco Manufacturing has asked for a variety of information about the operations of the firm from last year. The CEO is given the following information, but with some data missing:

  Prepare the necessary journal entries assuming the

the common stock of warner inc. is currently selling at 112 per share. the directors wish to reduce the share price and

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd