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The chances of winning are often written in terms of odds rather than probabilities. The odds of winning is the ratio of the number of successful outcomes to the number of unsuccessful outcomes. For example, if the number of successful outcomes is 2 and the number of unsuccessful outcomes is 3, the odds of winning are 2:3. The probability of winning an instant prize game is 1/10. The odds of winning a different instant prize game are 1:10. If you want the best chance of winning, which game should you play? Explain your reasoning. Choose the correct answer below. A. You should play the second game because the probability of winning a game with 1:10 odds of winning is 1/9, which is greater than 1/10. B. You should play the second game because the probability of winning a game with 1:10 odds of winning is 1/11, which is less than 1/10. C. You should play the first game because the probability of winning a game with 1:10 odds of winning is 1/11, which is less than 1/10. D. You should play the first game because the probability of winning a game with 1:10 odds of winning is 1/9, which is greater than 1/10.
Changing the sample size n. Refer to Exercise. What happens to the center line and control limits if the owner samples five consecutive sandwich orders?
A research firm claims that 62% of women in the 40-49 age group save in a 401(k) or individual retirement account. - Would the test be a z-test or a t-test? Why?
You are required to submit the FINAL copy of this assignment, but you may first submit an optional DRAFT. This will allow you to receive qualitative feedback that can inform your revision.
Is there any evidence of an association between music type and time spent shopping? Conduct the appropriate hypothesis test with a = 0.01.
the point estimate for a processor that world correctly for at least 1000 hours based on a sample size of 100 is .91.a
Table shows the number of orders filled and the number of medication errors for 25days. Construct an appropriate control chart and comment on the stability of the process.
While nothing can be said separately about the polarity of the output offset at either 0 or 75oC, what would you expect their relative polarities to be?
the managing director of a consulting group has the following monthly data on total overhead costs and professional
Lewis earned 85 on his biology midterm and 81 on his history midterm. In the biology class the mean score was 79 with standard deviation 5.
When you stare at a blank page or a blank computer monitor without a clue of how to begin a composition, you are- Which would be the best way to persuade your boss to implement a flex-time schedule in your office?
The lifetimes of light bulbs of a particular type are normally distributed with a mean of 370 hours and a standard deviation of 5 hours. What percentage of bulbs has lifetimes that lie within 1 standard deviation of the mean on either side?
an accounting firm is planning for the next tax preparation season. from last years returns the firm collects a
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