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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
In statistics, what is the difference between S, SS and S2 ( S squared)? what are the calculations to move between each one?
Findout either the given correlation is significant at given level of significance. Illustrate what does sample size have to do with the significance of r.
What is point estimate of the population mean? Develop a 99% confidence interval for the population mean?
Use the trend equation to calculate the points for 2003 and 2005. Plot them on the graph and draw the regression line.
Does playing action video games provide more than just entertainment? The authors of the paper "ActionVideo-Game Experience Alters the Spatial Resolution
Standard deviation of 0.7 years. If you randomly purchase one item, what is the probability it will last longer than 13 years?
The average playing time of compact discs in a large collection is 35 minutes, and the standard deviation is 5 minutes.
We wish to determine whether the homicide rate is different in different parts of the country and, if it is different, what is the pattern. We have data on 36 states - 9 each in the four regions Northeast, Midwest, South and West.
The distribution of B.A. degrees conferred by a local college is listed below, by major. Major Frequency English 2073 Mathematics 2164 Chemistry 318.
1.bags of chips are filled using a machine. because not all chips are the same size it is impossible to get the exact
If an apartment is selected at random, what is the probability that it is not a 2 bedroom apartment on the 2nd floor?
Why is it so difficult for an organization to balance its financial and social obligations?
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