Find the empirical probability of rolling

Reference no: EM131789608

Law of Large Numbers

The table shows the results of rolling a fair six-sided die.

1948_six-sided die.png

Using the table, find the empirical probability of rolling a 1 for 20, 100, and 1000 trials. Report the theoretical probability of rolling a 1 with a fair six-sided die. Compare the empirical probabilities to the theoretical probability, and explain what they show.

Reference no: EM131789608

Questions Cloud

Calculate pennacks net income from shing : Calculate Pennack's net income from Shing in 2014. Calculate the noncontrolling interest share in Shing's income for 2014.

Cost of producing 1 additional unit : Find the marginal cost at x = 5 units and tell what this predicts about the cost of producing 1 additional unit.

Calculate an actuarially fair insurance premium : Calculate an actuarially fair insurance premium. What would your expected utility be if you were to purchase the actuarially fair insurance premium?

Cost function for a commodity : Find the marginal cost at x = 8 units and tell what this predicts about the cost of producing 1 additional unit.

Find the empirical probability of rolling : Find the empirical probability of rolling a 1 for 20, 100, and 1000 trials. Report the theoretical probability of rolling a 1 with a fair six-sided die.

Predicts about the cost of producing : If the cost function for a commodity is C(x) = x3 - 4x2 + 30x + 20 dollars find the marginal cost at x = 4 units and tell what this predicts

Determine whether the first flip was heads or tails : After a large number of flips, the overall proportion of heads "settles down" to nearly what value?

Prepare a bank reconciliation : Cash balance according to the company's records at March 31, $13,065. Required - Prepare a bank reconciliation

Complete the consolidation working papers for parrot : Parrot Corporation acquired 90% of Swallow Co. on January 1, 2014. Complete the consolidation working papers for Parrot and Swallow for the year 2014.

User Account

All Pages