Find probability that gambler lose money if makes fifty bets

Reference no: EM13152975

Explain briey what the law of large numbers tells us about what will happen if the gambler makes a large number of bets on red. (c) The central limit theorem tells us the approximate distribution of the gamblers mean winnings in 50 bets. What is this distribution? Use the 689599.7 rule to give the range in which the mean winnings will fall 95% of the time. Multiply by 50 to get the middle 95% of the distribution of the gamblers winnings on nights when he places 50 bets. (d) What is the probability that the gambler will lose money if he makes 50 bets?

Reference no: EM13152975

Questions Cloud

What is the molar mass of the gas : A large flask with a volume of 936 mL is evacuated and found to have a mass of 134.66g. It is then filled to a pressure of 0.967atm at 31 degrees C with a gas of unknown molar mass and then reweighed to give a new mass of 153.81g. What is the mola..

Explain a solid with an irregular shape and a mass : a solid with an irregular shape and a mass of 11.33 g is added to a graduated cylinder filled with water

Treatment on the bank reconciliation problem : If a check correctly written and paid by the bank for $626 is incorrectly recorded on the company's books for $662, the appropriate treatment on the bank reconciliation would be to do which of the following?

Relations be renormalized to form physical : List three common situations that suggest that relations be renormalized to form physical records.

Find probability that gambler lose money if makes fifty bets : Multiply by 50 to get the middle 95% of the distribution of the gamblers winnings on nights when he places 50 bets. (d) What is the probability that the gambler will lose money if he makes 50 bets?

Explain diamond has a face-centered cubic unit cell : Diamond has a face-centered cubic unit cell, with four more C atoms in tetrahedral holes within the cell. Densities of diamonds vary from 3.01 g/cm3 to 3.52 g/cm3 because C atoms are missing from some holes.

Cost of goods sold for particular year : beginning finished goods inventory, $252,000; ending work in process inventory, $220,000; and ending finished goods inventory, $264,000. Utley Manufacturing Company's cost of goods sold for the year is which of the following?

Calculate the enthalpy change : Calculate the enthalpy change associated with the conversion of 25.0 grams of ice at -4.00°C to water vapor at 110.0°C. The specific heats of ice, water, and steam are 2.09 J/g-K, 4.18 J/g-K, and 1.84 J/g-K

Mean number among truthful persons classied as deceptive : What is the mean number among 12 truthful persons who will be classied as deceptive? What is the standard deviation of this number?

User Account

All Pages