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Casino gambling. Recently, the International Gaming Technology company issued the following press release:
(LAS VEGAS, Nev.)-Cynthia Jay was smiling ear to ear as she walked into the news conference at the Desert Inn Resort in Las Vegas today, and well she should. Last night, the 37-year-old cocktail waitress won the world's largest slot jackpot- $34,959,458-on a Megabucks machine. She said she had played $27 in the machine when the jackpot hit. Nevada Megabucks has produced 49 major winners in its 14-year his- tory. The top jackpot builds from a base amount of $7 million and can be won with a 3-coin ($3) bet.
a) How can the Desert Inn afford to give away millions of dollars on a $3 bet?
b) Why did the company issue a press release? Wouldn't most businesses want to keep such a huge loss quiet?
construct a 95 confidence interval to estimate the population proportion with a sample proportion equal to 0.60 and a
Examples of the binomial and poisson distributions are all around us. Identify a real-life example or application of either the binomial or poisson distribution. Specify how the conditions for that distribution are met.
suppose that the weights of airline passenger bags are normally distributed with a mean of 47.56 pounds and a standard
What do these different scores tell you about the tests in Weeks 1, 2, 3, and 4? What is happening to the students' scores over time?
there are 300 homes in winetree subdivision. the subdivision committee decided to paint a third of the houses magenta
Let Xt=1+e t- 0.5et-1 , t=1,2,3,...., where et~llD(0,2),the variance of et is 2. a) Compute the mean of Xt b) Compute the variance of Xt c) Find the correlation between Xt and et-1
Jasmine is an African American graduate student. She is conducting research on the effects that affirmative action programs have had on American corporations.
a manufacturer claims that its wood treatment protects outdoor wood fences a mean of 2601 days with a standard
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oh has 15 residents 10 are democrats. in a sample of 4 different voters what is the probability that exactly 3 are
A drug company want to know if new drug lowest the cholesterol below the target level of 120.A random sample of 25 questions has a mean of 115 and a standard deviation of 20
To test this claim, a researcher obtains information about registered drivers from the department of motor vehicles and selects a sample of n=300 accident reports from the police department.
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