Mathematics, 07.04.2020 17:58 daya88
The law of large numbers tells us what happens in the long run. Like many games of chance, the numbers racket has outcomes so variable - one three-digit number wins $600 and all others win nothing - that gamblers never reach the long run. Even after many bets, their average winnings may not be close to the mean. For the numbers racket, the mean payout for single bets is $0.60 (60 cents) and the standard deviation of payouts is about $18.96. If Joe plays 350 days a year for 40 years, he makes 14,000 bets.(a) What are the mean and standard deviation of the average payoutx-bar that Joe receives from his 14,000 bets?
(b) The central limit theorem says that his average payout isapproximately Normal with the mean and standard deviation you foundin part (a). What is the approximate probability that Joe's averagepayout per bet is between $0.50 and $ 0.70? You see that Joe'saverage may not be very close to the mean $0.60 even after 14,000bets.
Answers: 3
Mathematics, 21.06.2019 19:00
Write an introductory paragraph for this corrie ten boom and her family were faced with some difficult choices after hitler came to power. some family members paid the ultimate price. write a carefully thought-out paper of at least 200 words dealing with the following concepts: --how should a christian act when evil is in power? --what do you think it would be like to live in an occupied country? remember to proofread anything you write thoroughly.
Answers: 1
Mathematics, 21.06.2019 19:50
The probability that an adult possesses a credit card is .70. a researcher selects two adults at random. by assuming the independence, the probability that the first adult possesses a credit card and the second adult does not possess a credit card is:
Answers: 3
Mathematics, 21.06.2019 20:40
If the endpoints of the diameter of a circle are (8, 6) and (2,0), what is the standard form equation of the circle? a) (x + 5)2 + (y + 3)2 = 18 (x + 5)2 + (y + 3)2 = 3.72 (x - 5)2 + (y - 3)2 = 18 d) (x - 5)2 + (y - 3)2 = 32
Answers: 1
Mathematics, 22.06.2019 01:00
Bc and bd are opposite rays. all of the following are true except a)a,b,c,d are collinear b)a,b,c,d are coplanar c)bc=bd d)b is between c and d
Answers: 1
The law of large numbers tells us what happens in the long run. Like many games of chance, the numbe...
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