Only using standard six sided dice andor a standard deck of

Assignment Help Basic Statistics
Reference no: EM13576020

Only using standard six sided dice and/or a standard deck of playing cards, create a casino game that has all of the following characteristics:

1.The expected value is within one standard deviation of the mean(so you must calculate both the standard deviation and expected value for your game).

2. The expected value is in the favor of the house.

3. When you play it many times (the means you must play it at least 20 times) your values are consistent with Chebyshev's Rule.

You are expected to post instructions for your game so others from the class may play it. Give a report on your calculations and show that your game satisfies the three conditions above.

Reference no: EM13576020

Questions Cloud

Leon plans to save 300 per month towards retirement at the : leon plans to save 300 per month towards retirement at the beginning of each month. how much would he have at the end
The number of 10 peso coins is less than four times the : a childs piggy bank contains 5 and 10 peso coins. the number of 10 peso coins is less than four times the number of 5
Everett miguel and ramona are partners sharing income 123 : everett miguel and ramona are partners sharing income 123. after selling all of the assets for cash dividing losses on
Suppose you flip a fair coin 500 times what is the standard : suppose you flip a fair coin 500 times. what is the standard error for the number of heads you
Only using standard six sided dice andor a standard deck of : only using standard six sided dice andor a standard deck of playing cards create a casino game that has all of the
Prepare the journal entry to dispose of the overhead : sampson company uses a job order cost system with overhead applied to products based on direct labor hours. based on
The bonus is paid immediately and the salary is paid in : youve just joined the financial consulting firm of mara kelya and shawn. theyve offered you two different salary
The month of june ended with 700 tires in process 90 : mcmillian tire company produces tires used on small trailers. the month of june ended with 700 tires in process 90
Find the probability using the binomial distribution of : find the probability using the binomial distribution of obtaining 2 or more nonconforming units when sampling 5

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd