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A bet on "black" in Roulette has a probability of 18/38 of winning. If you win, you double your money. You can bet anywhere from $1 to $100 on each spin.
a. Suppose you have $10, and are going to play until you go broke or have $20. What is your best strategy for playing? Explain using information you learned in this module's material, such as expected value.
b. Suppose you have $10, and are going to play until you go broke or have $30. What is your best strategy for playing? Explain using information you learned in this module's material, such as expected value.
Plot the relationship between average verbal (Verbal) and average math (Math) SAT scores in the 50 states. Describe the characteristics of the relationship.
At a board meeting of 20 businessmen, all of whom wear ties, what is the probability that:
the following data represent the amount of sugar consumed in lbs. in a household during five randomly selected weeks.
For the information provided in given Exercise, the cabbie finds that his car stalls at the first red light he encounters. Given this additional information, what is the probability that he has selected cab A?
What is a real-world example of when a hypothesis test could be used? The response should also include a numerical example for another student to work
Shown here are the top 10 U.S. cities ranked by number of rooms sold in a recent year. What is the probability that exactly two cities are in California?
As a business owner faced with an important decision that could potentially be very lucrative.
question 1a food research laboratory conducts a series of taste tests to compare two sauce recipes a and b. customers
Assignment - Data Mining, Analytics and Visualisation with EXCEL. 'Should We Worry About Global Oil Prices?" A Regression Analysis
Let"s consider the very large database of individual incomes from the Bureau of Labor Statistics as our population. It is strongly right skewed. How large a sample size?
What is the probability of rolling a pair of dice and obtaining a total score of greater than 9?
Find or create a data set that would allow you to explain what is meant by mean, median and mode. Make sure to also show any calculations or formula necessary. Describe or provide as much information on the data set as possible.
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