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An individual has $ 100 initially. He repeatedly plays a game of chance in which he earns $ 100 with probability 0.8 or loses $ 100 with probability 0.2. The stops playing at the first of two possibilities: he has no more money or he has 400$.
(A) On average, how many times will heplays?
(B) What is the probability that he will end with $ 400?
(C) Calculate the expected profit. Would he have had a better expected profit if he started with $ 200?
Test the null at 1? significance level
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hey goo day, i wanna know the definition of frequency distribution and how to conduct it like in examples?
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'Statistics is the backbone of decision-making'. Comment.
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For our class homework we prepared a 3-month forecast for sales (12 months with actual sales for each month). What or how do we figure the absolute deviation of the 3-month foreast
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