If the odds makers do this accurately adding the spread to

Assignment Help Basic Statistics

Reference no: EM13618158

Odds makers try to predict which professional and college football teams will win and by how much (the spread). If the odds makers do this accurately, adding the spread to the underdog's score should make the nal score a tie. Suppose a bookie will give you $8 dollars for every $2 you risk if you pick the winners in three different football games (adjusted by the spread) on a "parley" card. What is the bookie's expected earnings per dollar wagered? Explain what this value means.

Please go step by step and EXPLAIN your answer.

Reference no: EM13618158

Questions Cloud

How many binary sequences of length 18 are there that start : how many binary sequences of length 18 are there that start with a run of 1s - that is a conseuctive sequence of at

She obtained a random sample of n 25 drivers in the : the average age for licensed drivers in a county is micro 42.6 ? 12 and the distribution is approximately normal. a

In a manufacturing process a random sample of 49 bolts : in a manufacturing process a random sample of 49 bolts manufactured has a mean length of 1.67 inches with a standard

If the odds makers do this accurately adding the spread to : odds makers try to predict which professional and college football teams will win and by how much the spread. if the

A 137-cs source has an acticity of 700 mu ci a gamma proton : a 137-cs source has an acticity of 700 mu ci. a gamma proton with energy 0.662 mev is emitted with a frequency of 0.849

Assuming that it is reasonable to regard this sample of 490 : in a survey of 490 potential jurors one study found that 350 were regular watchers of at least one crime-scene

The critical resolved shear stress for a metal is 25 mpa : consider a single crystal oriented such that the slip direction and normal to the slip plane are at angles 42.7deg and

Seventy percent of the bicycles sold by a certain store are : seventy percent of the bicycles sold by a certain store are mountain bikes. among 100 randomly selected bike purchases

User Account

All Pages