Problem on an american roulette wheel

Reference no: EM131767236

Question: Roulette An American roulette wheel has 18 red slots among its 38 slots. To test if a particular roulette wheel is fair, you spin the wheel 50 times and the ball lands in a red slot 31 times. The resulting P-value is 0.0384.

(a) Interpret the P-value in context.

(b) Are the results statistically significant at the a = 0.05 level? Explain. What conclusion would you make?

(c) The casino manager uses your data to produce a 99% confidence interval for p and gets (0.44, 0.80). He says that this interval provides convincing evidence that the wheel is fair. How do you respond?

Reference no: EM131767236

Questions Cloud

Convincing evidence to support the company claim : Flu vaccine A drug company has developed a new vaccine for preventing the flu. The company claims that fewer than 5% of adults who use its vaccine.

Determine budgeted overhead at standard volume : Actual overhead costs for June were $280,000, and output was 6,000 units. Determine for June: Budgeted overhead at standard volume

Review the clarified auditing standards-learning : Go to the AICPA Website to review the Clarified Auditing Standards-Learning and Implementation Plan

Which the group tactics influenced terrorism in general : Why is the study of the Tupamaros relevant in the 21st century? Pay particular attention to the way in which the group’s tactics influenced terrorism in general

Problem on an american roulette wheel : Roulette An American roulette wheel has 18 red slots among its 38 slots. To test if a particular roulette wheel is fair, you spin the wheel 50 times.

What is the consolidated balance for the equipment : What is the consolidated balance for the Equipment account as of December 31, 2014

The set-up time that should be achieved : To obtain the desired lot size, the set-up time that should be achieved = ___ minutes

How the mean reading differs from the true value : Radon detectors Radon is a colorless, odorless gas that is naturally released by rocks and soils and may concentrate in tightly closed houses.

Prepare a statement of revenues : Prepare a Statement of Revenues, Expenditure, and Changes in Fund Balance for the courthouse annex capital project fund

User Account

All Pages