Estimate the probability, stimate the probability that a

Estimate the probability

Assignment Help Basic Statistics

Reference no: EM131167267

When you sum 30 or more independent random variables, the sum of the random variables will usually be approximately normally distributed, even if each individual random variable is not normally distributed.

Use this fact to estimate the probability that a casino will be behind after 90,000 roulette bets, given that it wins $1 or loses $35 on each bet with probabilities 37/38 and 1/38.

Reference no: EM131167267

Questions Cloud

What would be the responsibility of a frontline manager : Sam, a marketing manager, often makes ethical decisions based on what others feel about those decisions. He often considers opinions from other managers and employees. Which of the following ethical systems do Sam's decisions follow?

Other large corporations to enter our domestic market : It seems like you're hoping that MNC will help the consumers if the government focuses too much on helping businesses. I think that the United States government has enough rules and regulations for other large corporations to enter our domestic marke..

Develop your own statement about ethical responsibility : Identify and analyse an ethical issue faced by an organisation from a PR/communications perspective - Develop your own statement about ethical responsibility in PR practice as it relates to your organisation and aspects within definitions of publi..

Find all allowable states of the puzzle : Find two different solutions of the puzzle, each using seven crossings. e) Suppose that the farmer must pay a toll of one dollar whenever he crosses the river with an animal. Which solution of the puzzle should the farmer use to pay the least tota..

Estimate the probability : stimate the probability that a casino will be behind after 90,000 roulette bets, given that it wins $1 or loses $35 on each bet with probabilities 37/38 and 1/38.

What is kindling effect : While opening the doors to a new population of heroin abusers, heroin smoking avoids the problem of _____. The reason why cocaine has such extreme effects on the heart is due to __________.

Determine the standard deviation and variation : Explain why the graph you provided gave a good visual representation of the data. Determine the standard deviation and variation, and explain their importance in statistical analysis of a data set.

How many should mr ds order for the week : If Mr. D's wants to have only a 1% chance of running out of Coke by the end of the week, how many should Mr. D's order for the week?

What is the efficient number of fireworks for this society : What is the efficient number of fireworks for this society? Suppose the government decides to provide the efficient level of output found above. To pay the fireworks, the government taxes J and K, using a Lindahl pricing Scheme. What are the Lindah..

User Account

All Pages